Week ending 15 March 2019
ETF Flows: Weekly flows were higher last week $479mn. This was mostly from North American and European Funds. Global funds lost $641mn this month driven by North America and Europe. YTD flows are higher by $1.1bn (1.1% of AUM) with inflows coming from the US and Europe.
Liquidity – COMEX net longs held steady around 300t net long for the previous week. Liquidity remains high in the gold market with daily trading volume at $127bn. This has been driven by a 15% m-o-m increase in the LBMA OTC market and 29% increase in the COMEX futures market.