Page 14 - Bullion World Issue 1 May 2021

Bullion World | Issue 01 | May 2021

Gold ETFs

registered

record net

inflows in

2020

Ms Saida Litosh
Refinitiv

Investment in gold exchange traded The largest increase was registered
funds (ETFs) surged to a new peak in by North American-listed funds, with
2020. After 12 consecutive months of holdings rising by 45% or nearly 640
net inflows from November 2019, and tonnes (US$36.4 billion) from the
with investors adding more than 1,000 end-2019 level, accounting for nearly
tonnes of gold between January and two-thirds of global net inflows over
October 2020, global ETF holdings that period. European funds added
reached an all-time high of over 346 tonnes (US$19.7 billion) over the
3,960 tonnes by the second week of ten-month period, representing a 27%
November. To put this into context, net increase from the level seen at the end of
inflows during the first ten months of 2019. Holdings in Asia and other regions
2020 were over 65% higher than the grew by 57 tonnes (US$3.2 billion) and
previous record in 2009, when annual 24 tonnes (US$1.4 billion), respectively.
buying reached 644 tonnes.

“Net inflows during the first ten months of 2020 were
over 65% higher than the previous record in 2009,
when annual buying reached 644 tonnes.”

Gold ETF Holdings

4000
3500
3000 North America Europe Asia Other
2500
Tonnes 2000

1500
1000
500
0

Source: Various ETF sources; Metals Research, Refinitiv, an LSEG business

14

Monthly Change in Gold ETF Holdings

250 2200

200 2000

150
1800
Tonnes 100 1600 US$/oz

50
1400
0

-50 1200

-100 1000

North America Europe Asia Other Gold Price, RHS
Source: Various ETFs; Metals Research, Refinitiv, an LSEG business