SUBSCRIBERS

World's largest gold fund hit by longest dry spell

SPDR Gold Shares ETF has not received any inflow since Nov 10

Published Mon, Jan 16, 2017 · 09:50 PM

New York

THE last time the SPDR Gold Shares exchange-traded fund (ETF) received an inflow was the day after Donald Trump won the US presidential election in November.

The fund, which goes by the symbol GLD and is far and away the world's largest commodity ETF with more than US$31 billion in assets, has seen nearly US$5.7 billion in outflows since receiving a net inflow of US$220 million on Nov 9.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns

Companies & Markets

World's largest gold fund hit by longest dry spell

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT