Gold loses shine? Rs.725 crore exits Gold ETFs - Should mutual fund investors be worried?
Gold ETFs, June 12 -- After attracting strong investor interest for much of the past year, Gold Exchange Traded Funds (ETFs) witnessed a moderation in flows during the latest month, according to data released by the Association of Mutual Funds in India (AMFI). Gold ETFs recorded a net outflow of Rs.725 crore in May, marking the first month of net redemptions after a 13-month streak of inflows.
The latest data also showed that silver ETFs continued to face redemption pressure, registering outflows for the fourth consecutive month. While the trend has prompted questions about whether investors are moving away from precious metals and shifting back towards equity-oriented investments, market experts believe a single month's data should not ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.