News From Press Investors exit gold ETFs, withdraw Rs 695 crore in 11 months

Investors exit gold ETFs, withdraw Rs 695 crore in 11 months

Source-Economic Times Mar 15, 2017

Gold exchange-traded funds (ETFs) saw a net outflow of Rs 46 crore in February, taking the total to Rs 695 crore in the first 11 months of the current fiscal, primarily on account of profit booking.

The outflow meant asset under management (AUM) of gold funds plunged by 10 per cent so far in the current financial year.

Trading in gold ETF segment has been tepid during the last three financial years. They had witnessed an outflow of Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2015-16, 2014-15 and 2013-14, respectively.

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