The World Gold Council s global gold backed ETFs saw outflows for the third year in a row

Mondo Finance Updated on 2024-02-01

CCTV Beijing, January 10 News According to the official website of the World ** Association (WGC), the report "Fund Outflows in December Exacerbated Losses in 2023" released by WGC recently shows that "the loss of the world's ** ETF will expand to $15 billion in 2023, and there will be outflows for the third consecutive year, mainly from Europe and North America**, while Asia is the only region with capital inflows in 2023." ”

According to the report, the net outflow of global** ETFs in December 2023 was about US$1 billion, recording a net outflow for the seventh consecutive month, and the total holdings decreased by 10t to 3,225t at the end of 2023. Benefiting from the gold price**, the total AUM of global** ETFs rose 1% to US$214 billion in December 2023.

From a regional perspective, the report said that Europe** recorded a net outflow of $2 billion in December, which was the seventh consecutive month**; North America and Asia** continued to increase their holdings for the second consecutive month, with a net inflow of 7$1.7 billion; Asia** increased its holdings for the ninth consecutive month**, with net inflows of 20.8 billion US dollars.

For more exciting information, please refer to the application market** "Central Radio Network" client. Welcome to provide news clues, 24-hour report**400-800-0088;Consumers can also complain online through the "Woodpecker Consumer Complaint Platform" of CCTV. Copyright Notice:The copyright of this article belongs to the Central Radio Network, and it is not allowed to be unauthorized **. Please contact: cnrbanquan@cnrWe will be held accountable for not respecting the original.

Related Pages