Gold ETF Inflows Spike Ahead of the US Election

Passive fund investors have been looking at ETFs with exposure to safe haven assets such as gold in the run up to the US election, Morningstar data revealed

Karen Kwok 15 November, 2016 | 11:46AM

Magpie investors continue to crave gold bullion as a hedge against the global political uncertainty, data from Morningstar shows. The precious metals ETF sector recorded €818 million inflows in October alone, the biggest inflows across all sectors, according to Morningstar Direct.

ETFS Physical Gold (PHGP) was one of the five most clicked exchange-traded funds among Morningstar.co.uk readers in October ahead of the US Presidential Election. Investors also were researching ETFs that track indices that short the UK currency relative to the US dollar. ETFs Short GBP Long USD (SGB3) topped the most popular ETF list among Morningstar.co.uk in October – thanks no doubt to sterling falling considerably since the Brexit vote.

Gold Demand Accelerates

The BlackRock ETP Landscape report reflected a similar story to Morningstar Direct flows data, with gold products swelling €930 million over the course of the month.

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About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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