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CN 4 Largest Physical Gold ETFs Record Largest Single-Day Outflow of ~US$1B
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As gold prices sharply retreated from historical highs, investor confidence was shaken, leading to the largest single-day capital outflow ever from China's major gold ETFs, totaling nearly US$1 billion. China's four largest physical gold-backed ETFs recorded a net outflow totaling approx. RMB6.8 billion (US$980 million) on Tuesday (3rd), according to Bloomberg's data. These funds had just notched record inflows last week, but gold ETFs from Huaan Yifu, Bosera, E Fund and Guotai ETFs have now declined for two consecutive days. AASTOCKS Financial News Website: www.aastocks.com |
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