Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.
Gold Fund
Swiss Hedge Fund to Offer Clients Gold Shield Against Inflation
A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
BlackRock’s $1.3 Billion Gold Fund Feels Pain of Miners
Gold Silver Reports (GSR) – BlackRock’s $1.3 Billion Gold Fund Feels Pain of Miners — The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since the third quarter of 2015. Among large materials-focused equity funds, it was the second-worst performer after another BlackRock gold fund domiciled in Japan.
Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
This Gold Fund Is Joining the Bitcoin Frenzy
Gold Silver Reports – The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.
Gold ETF Holdings Up Mildly In Volume Terms
Gold Silver Reports — At the end of March, total holdings in gold-backed ETFs and similar products stood at 2,251.8t (72.4 moz), up 5.9t from February. These holdings were valued at US$90.1bn, 1% lower than a month earlier.