News From Press Gold ETFs find no buyer traction

Gold ETFs find no buyer traction

Source: Deccan Chronicle May 9, 2016

Despite a rise in the prices of gold during the past few months, gold Exchange Traded Funds (ETF) offered by domestic mutual funds are yet to see any major inflows from investors. While the outflow from gold ETFs continued in April, the pace of redemption has slowed down due to a rally in gold prices amidst uncertainty in the global economy.

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