Thursday, May 2nd 03:33 PM IST

Gold ETF loses No. 2 spot to emerging markets

# ETF  # Gold ETF  # Gold  # SPDR Gold  # SPDR  # EWJ  # DXJ  

The biggest gainers over April were the iShares MSCI Japan ETF EWJ and the WisdomTree Japan Hedged Equity ETF DXJ . The EWJ gained $2.72 billion for $10.72 billion AUM, and the DXJ gained $1.45 billion for $7.7 billion AUM.

LONDON(BullionStreet): April fund flows knocked the SPDR Gold ETF out of the No. 2 spot among the largest exchange-traded funds as investors pulled out $6.77 billion, according to IndexUniverse.

That 18.8% drop left the ETF with $50.92 billion in assets under management. Gold prices dropped 7.8% over the month of April to $1,472.10 an ounce.

It also made the new No. 2 ETF the Vanguard FTSE Emerging Markets ETF, which also happened to be the second biggest loser as far as fund outflows with $1.55 billion. The fund is currently at $57.69 billion in assets under management.

The biggest gainers over April were the iShares MSCI Japan ETF EWJ and the WisdomTree Japan Hedged Equity ETF DXJ . The EWJ gained $2.72 billion for $10.72 billion AUM, and the DXJ gained $1.45 billion for $7.7 billion AUM.

The largest ETF is still the SPDR S&P 500 ETF SPY +0.09% with $132.15 billion in assets under management. The fund only contracted by $86.9 million in April.

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