News From Press Gold ETFs continue to see outflow in May on profit-booking

Gold ETFs continue to see outflow in May on profit-booking

Source: PTI/ET Jun 13, 2016

Investors remained bearish on gold exchange-traded funds (ETFs) in May and pulled out Rs 79 crore from this instrument, taking the total to Rs 148 crore in the first two months of the current financial year, mainly on account of profit booking.

The trading in Gold ETF segment has been tepid in last three financial years. The funds 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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