Gold ETP assets rise as equity ETFs plummet

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European-domiciled gold ETPs pulled in €114m in the week ending 25 February as equity indices across the region fell, according to Deutsche Bank.

ETCs attracted a total of €396m, as oil, agriculture and broad-basket vehicles continued their strong performance in 2011. By contrast, equity ETFs lost €142m and fixed income products continued their losing streak, registering mild outflows of €34m. Deteriorating investor sentiment on gold made headlines in the first couple of months of this year as confident investors redirected their money towards developed market equity funds. Gold ETPs lost €614m in cash and saw assets under management (AUM) shrink by €1.8bn up to 11 February. A fall of 3.3% on the DAX and 2.7% on the EuroStoxx 5...

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