- North American funds saw outflows (negative demand) of US$547mn (-10t, -0.6%)
- European gold ETFs witnessed another outflow (negative demand) of US$1.2bn (-25t, -1.7%)
- Asian funds experienced an outflow of US$4mn (-0.1t, -0.1%)
- The Other region funds saw inflows of US$83mn (+1t, +2.0%).
- In North America, while SPDR® Gold MiniShares Trust attracted US$74mn (+1t, +1.3%), iShares Gold Trust saw the second largest global fund-level outflow of US$418mn (-7t, -1.6%)
- In Europe, UK and Germany funds accounted for the bulk of outflows: Invesco Physical Gold ETC led global outflows by losing US$474mn (-8t, -3.3%), Xtrackers IE Physical Gold ETC witnessed an outflow of US$105mn (-2t, -3.2%).
- In Asia, Huaan Yifu Gold ETF (-US$40mn, -1t) witnessed the largest outflow in the region.
- Turkish funds continued to drive inflows into the Other region: the Istanbul Gold Exchange Traded Fund saw inflows of US$82mn (+1t, +51%).
- February marked the tenth consecutive month of negative tonnage demand for global gold ETFs, the longest losing streak since January 2014
- Y-t-d tonnage demand turned negative in almost all regions except for funds listed in the Other region
- Low-cost funds continued to record negative tonnage demand, for their eighth consecutive month.7