India Gold ETFs decline in March quarter: CRISIL
Gold exchange traded funds (ETFs) has posted 4.46% decline or 21,742 folio closure to end at 4.66 lakh folios in the quarter ended March 2015. The retail segment saw closure of 20,265 folios in the latest quarter as investors shied away from the category due to subdued performance by the underlying asset.
India Gold ETFs continue downtrend:CRISIL
AUM fell 2.53%, or Rs 1.81 billion, to Rs 69.97 billion due to persistent outflows and MTM losses. Gold prices, as represented by the CRISIL Gold Index, fell 3.18% in the quarter.
Gold and real yields begin to recouple
Despite the strong outperformance of developed market equities so far this year, the gold price relative to equities still remains well below its previous highs. With equities looking highly stretched on most valuation measures, ETF Securities believes gold provides a good hedge.
Silver leads gainers for the second week
Silver led gainers for the second week. With its strong correlation to gold and wide industrial usage, investors are becoming more optimistic on silver, said ETF Securities.