Latest news with #goldETFs
Reuters
09-07-2025
- Business
- Reuters
India mutual fund investors chase equities, gold and silver in quest for returns
July 9 (Reuters) - Mutual fund allocations bounced back in India last month, driven by strong retail participation, with investors also seeking out gold and silver funds in the hunt for stronger returns. Indian equity mutual fund inflows rose 24% to 235.87 billion rupees($2.75 billion), snapping a five-month decline, as investors poured money across segments and turned to gold and silver ETFs in search of returns amid rising global trade uncertainty. India's mutual fund industry hit a new record in June, with net assets under management (AUM) climbing to 74.41 trillion rupees. The inflows supported the benchmark Nifty 50 (.NSEI), opens new tab , which gained 3% for the month, while the small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab jumped 6.7% and 4%, respectively. Gold Exchange Traded Funds saw inflows surge ten-fold month-on-month to 20.81 billion rupees in June, hitting a five-month high, data from the Association of Mutual Funds in India showed on Wednesday. "Rising inflows into Gold ETFs suggest investor interest to seek both diversification and gain from the performance of the precious metal," said Anand Vardarajan, chief business officer at Tata Asset Management. Silver ETFs attracted inflows of 20.04 billion rupees, up from 8.53 billion rupees in May. Large-cap equity mutual funds recorded a 36% monthly jump to 16.94 billion rupees, while small-cap and mid-cap funds posted a 25% and 34% rise in inflows. Contributions via systematic investment plans (SIPs) - a popular periodic investment route for mutual fund investors - rose to a record 272.69 billion rupees in June. The number of contributing SIP accounts also climbed to 86.4 million from 85.6 million in May. "Strong inflows and record SIPs reflect improved sentiment, better valuations post-correction, and the enduring structural confidence in Indian equities," said Himanshu Srivastava, associate director, manager research at Morningstar India. If June-quarter earnings hold up and macro stability continues, strong domestic inflows could cushion markets from foreign outflows and trade jitters, two analysts said. ($1 = 85.8340 Indian rupees)
Yahoo
08-07-2025
- Business
- Yahoo
Gold ETFs drew largest inflow in five years during first half of 2025, WGC says
LONDON (Reuters) -Physically backed gold exchange-traded funds recorded their largest semi-annual inflow since the first half of 2020 from January to June, data from the World Gold Council showed on Tuesday. A trade war sparked by U.S. President Donald Trump's tariff policy prompted investors to seek shelter from political and economic volatility in gold ETFs, which account for a major part of investment demand for the precious metal. The active first half of the year follows a modest net inflow to gold ETFs in 2024 after three years of outflows caused by high interest rates. Gold ETFs recorded an inflow of $38 billion in the first half of 2025 with their collective holdings rising by 397.1 metric tons of gold, said the WGC, an industry body whose members are global gold miners. This raised the total holdings to 3,615.9 tons by the end of June, the largest since August 2022. Their record was 3,915 tons in October 2020. U.S.-listed funds led the inflow with 206.8 tons in the first half, while Asia-listed funds drew 104.3 tons, according to the WGC. "Despite slowing momentum in May and June, Asian investors bought a record amount of gold ETFs during the first half of the year, contributing an impressive 28% to net global flows with only 9% of the world's total assets under management," the WGC added. Spot gold prices are up 26% this year, having hit a record high of $3,500 per troy ounce in April. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
08-07-2025
- Business
- Forbes
Gold ETF Inflows Turn Positive Again In June, Says World Gold Council
AFP via Getty Images Bullion-backed exchange traded funds (ETFs) reported returning net inflows last month, meaning half-year flows reached levels not seen for five years, data from the World Gold Council (WGC) showed. The organization noted that 'all regions saw inflows last month, with North American and European investors leading the charge.' Total holdings rose by 75 tonnes last month, the WGC said, to 3,616 tonnes. This was the highest for 34 months. Inflows were valued at $7.6 billion, which in turn drove cumulative assets under management (AUMs) to $382.8 billion an all-time peak. World Gold Council Fund AUMs were also helped by a slight uptick in gold prices over the month. These rose around 0.6% to roughly $3,316 per ounce. Global gold ETFs endured their first net outflows for five months in May, as improving investor confidence dampened demand for safe havens like precious metals. Strong First Half Last month's rebound meant total inflows between January and June represented the highest semi-annual level since the first half of 2020. This came in at $38bn. The WGC said that 'North America accounted for the bulk of inflows, recording the strongest first half in five years,' while European flows turned positive following non-stop semi-annual losses since the second half of 2022. It added that 'despite slowing momentum in May and June, Asian investors bought a record amount of gold ETFs during the first half, contributing an impressive 28% to net global flows with only 9% of the world's total AUMs.' Inflows Across The Board For June, North American gold funds enjoyed positive flows of 44 tonnes worth some $4.8 billion, the strongest monthly inflow since March. This pushed total holdings to 1,857 tonnes and cumulative AUMs to $196.3 billion. The WGC said that 'spiking geopolitical risks amid the Israel-Iran conflict boosted investor demand for safe-haven assets and supported inflows into North American gold ETFs.' It added that increasing concerns of slowing growth and rising inflationary pressures also boosted demand. In Europe, ETF holdings rose to 1,367 tonnes after a 23-tonne inflow. Flows were worth $2 billion, and pushed AUMs to $144.4 billion. The Council said that 'the UK led inflows in the month,' thanks to doveish comments from the Bank of England on future monetary policy. It noted that 'combined with weaker growth, easing inflation and the cooling labour market, investors raised their bets on future rate cuts.' Furthermore, the eighth interest rate cut from the European Central Bank also boosted local demand for gold, the Council said. Asian funds rose by five tonnes to take total holdings to 321 tonnes. Meanwhile, AUMs increased to $34.5 billion on inflows worth $610 million. The WGC commented that 'India led inflows in June, likely supported by rising geopolitical risks in the Middle East,' while rising inflationary worries meant Japanese funds recorded inflows fo the ninth straight month. It added that 'China only saw mild inflows in the month… as trade tensions eased and the local gold price moderated.' WGC data last week showed central bank gold demand continue to rise. Total purchases in May stood at 20 tonnes, up from 12 months in the previous month.
