News From Press Gold ETFs register Rs 730 crore outflow in 2017

Gold ETFs register Rs 730 crore outflow in 2017

Source: Economic Times/PTI Jan 9, 2018

Investors continued to pull out money from gold exchange-traded funds (ETFs) and withdrew Rs 730 crore in 2017, making it the fifth consecutive year of outflow from such products.

The outflow meant asset under management (AUM) of gold funds plunged by 12 per cent to Rs 4,855 crore during the period under review, latest data with Association of Mutual Funds in India (Amfi) showed.

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