Noteworthy ETF Flows: The Net Inflows Of SPDR Gold Trust (ETF) Point to $-1357.73M Redemptions After -3.76% AUM Decrease

Noteworthy ETF Flows: The Net Inflows Of SPDR Gold Trust (ETF) Point to $ 1357.73M Redemptions After  3.76% AUM Decrease

Today were released SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s weekly net flows. The ETF registered $-1357.73M weekly asset outflows for -3.76% decrease, reaching $34739.74M last week. The chart of SPDR Gold Trust (ETF) shows negative weekly setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 0.57% or $0.64 on November 25, hitting $112.61. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 4.75% since April 25, 2016 and is downtrending. It has underperformed by 10.77% the S&P500.

The ETF’s YTD performance is 20.19%, the 1 year is 11.56% and the 3 year is -1.54%.

SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Physical Gold Bullion for 100.00% of assets.

More notable recent SPDR Gold Trust (ETF) (NYSEARCA:GLD) news were published by: Schaeffersresearch.com which released: “Option Bulls Won’t Give Up on Struggling SPDR Gold Trust ETF (GLD)” on November 23, 2016, also Etfdailynews.com with their article: “Is India To Blame For Gold’s Crash?” published on November 25, 2016, Schaeffersresearch.com published: “Call Buyers Keep Lining Up For the Sliding SPDR Gold Trust ETF (GLD)” on November 07, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Investorplace.com and their article: “Trade of the Day: SPDR Gold Trust (ETF) (NYSEARCA:GLD)” published on November 04, 2016 as well as Etfdailynews.com‘s news article titled: “Here’s Why Gold Crashed After Trump Won” with publication date: November 21, 2016.

GLD Company Profile

SPDR Gold Trust (the Trust), incorporated on November 12, 2004, is an investment trust. The Trust’s business activity is investment in gold. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust creates and redeems Shares from time to time, but in over one Basket (a Basket equals a block of approximately 100,000 Shares). The Trust issues baskets of Shares or Baskets, in exchange for deposits of gold, and distributes gold in connection with the redemption of Baskets. The Shares are designed to provide investors with a way to invest in gold. The creation and redemption of Baskets is made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which would be based on the combined net asset value of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is received.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment