The World Gold Council published 2017 data on gold-backed ETFs yesterday, Jan. 9.
The organization says that a total volume of 2,362.9 tons of gold was held by gold-backed ETFs globally at the end of 2017 for a total value of assets under management of $98.1 billion.
From 2016, total holdings increased by 9.1% adding to the total approximately 197.5 tons of gold. This increase was valued $8.2 billion or 8.4% of the total value of AUM.
The chart below illustrates the total assets under management in USD by geographic area:
Source of data: World Gold Council
The chart below shows the total assets under management in USD by geographic area:
Source of data: World Gold Council
In the annual increase, the North American funds contributed 62.9 tons of gold captured in 2017 with a value of $2.9 billion at the end of the year. The European funds contributed 148.6 tons of the yellow metal with a value of $5.78 billion.
Among the European funds, the German-listed ETFs lead the ranking with 35% of global net inflows captured.
The World Gold Council reported total net outflows of 23.8 tons of gold or -$860.4 million during the year, mainly because of a decrease in Asian funds’ holdings of 12.9 tons of gold or -$404.8 million.
In addition, the World Gold Council reported the following 2017 top five individual funds, which are sorted by U.S. dollar flows:
• the Xetra-Gold amassed approximately US$2.27 billion
• the iShares Gold Trust accumulated approximately US$1.96 billion
• the Source Physical Gold ETC accumulated about US$1.11 billion
• the SPDR® Gold Shares added about US$0.92 billion
• the iShares Physical Gold ETC accumulated approximately US$0.72 billion
Disclosure: I have no positions in any securities mentioned in this article.
