- North American funds saw inflows (positive demand) of US$984mn (+15t, +0.9%)
- Outflows from European funds (negative demand) were US$223mn (-0.7t, -0.1%)
- Asian funds saw inflows of US$14mn (+0.1t, +0.1%)
- The Other region funds captured inflows of US$49mn (+0.8t, +1%).
- In North America, iShares Gold Trust (+US$575mn, +9t) and SPDR® Gold MiniShares Trust (+US$167mn, +3t) led inflows while SPDR® Gold Shares (-US$100mn, -2t) saw the largest outflow
- In Europe, while Xtrackers Physical Gold Euro Hedged ETC (-US309mn, -4t) in Germany saw the largest loss, inflows into UK’s Invesco Physical Gold ETCs of US$196mn (+3t) topped others
- In Asia, the Nippon India ETF Gold BeES saw the largest inflow by attracting US$28mn (+0.4t); meanwhile, China’s Bosera Gold Exchange Trade Open-End Fund ETF (-US$18mn, -0.3t) led outflows
- In the Other region, the Istanbul Gold Exchange Traded Fund (+US$67mn, +1t) continued to lead inflows.
- Amid inflows over recent months and a rising gold price, total AUM of global gold ETFs rose to the highest since June 2022, 8% shy of the March 2022 record high of US$241bn
- European funds’ y-t-d net outflows of US$2.6bn were the largest since 2013
- Low-cost gold ETFs also witnessed positive demand in April, contributed by both US and European funds.7