ETF Securities has record gold day amid investor panic
By GCRU Gold News on Thursday, February 11 2016, 22:55 - Permalink
ETF Securities has seen a surge in demand for gold and commodity-related exchange traded products (ETPs) since the turn of the year.
A total of $720 million (£497 million) has flown into ETF Securities' gold linked ETPs in 2016, with 9 February registering the highest ever recorded one day net inflow of $345 million.
‘We expected an improved performance for gold in 2016 and it's certainly starting to materialise and comes amid heightened concerns for European bank liquidity, the risk of a Brexit and the uncertainty regarding the US presidency candidates,’ James Butterfill, head of research, ETF Securities, said.
‘Consequently, investors are returning to gold as a core diversifier and safe haven investment. Given the increasingly challenging investment and economic environment, we expect this trend to continue.’