Xetra-Gold strongest growing gold ETC worldwide in 2017
News (Advertising) Arnulf Hinkel, Financial journalist – 15.01.2018
Becoming apparent at the tenth anniversary of Xetra-Gold in November 2017, now being official: according to the World Gold Council's recently published analysis of data for inflows of exchange-traded gold ETCs and ETFs in 2017, Xetra-Gold has not only maintained its position as the leading European physically backed gold ETC, but also showed the highest inflow of all gold-backed ETCs and ETCs at 57 tonnes. The US-American iShares Gold Trust ended up second with an inflow of 47.3 tonnes. The third most purchased ETC was the Source Physical Gold P-ETC from Great Britain with a considerably lower inflow.
In general, 2017 saw by far the strongest demand for gold in Europe: European funds captured 75% of all global inflows in 2017, with the largest growth recorded by German ETCs. These accounted for 35% of all inflows worldwide. This is primarily attributable to Xetra-Gold: the German bearer bond, backed 100 percent with physical gold, increased its net gold holdings by 52 percent year-on-year to 175 tons, representing assets under management of roughly EUR 6.1 billion. With an order book turnover of EUR 2.86 billion in 2017, Xetra-Gold had the highest turnover of all ETCs traded on Xetra.
In global comparison, North America was the region with the highest inflow of exchange-traded gold products right behind Europe, at 62.9 tonnes. In all other regions gold demand stagnated or even declined: in Asia, outflows were predominating, leading to a decline of 12.9 tonnes in 2017. In Europe, on the other hand, gold assets under management increased by 148.6 tonnes and currently are at just under 1,000 tonnes. The global stock of listed gold funds has amounted to no less than 2.363 tons these days.