ETF Flows Summary: The Net Flows Of SPDR Gold Trust (ETF) Point to $-1127.44M Redemptions Amid -2.85% AUM Decrease

ETF Flows Summary: The Net Flows Of SPDR Gold Trust (ETF) Point to $ 1127.44M Redemptions Amid  2.85% AUM Decrease

Today were released SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s weekly net flows. The ETF registered $-1127.44M weekly asset outflows for -2.85% decrease, reaching $38491.58M last week. The chart of SPDR Gold Trust (ETF) shows negative weekly setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.47% or $0.57 on October 28, hitting $121.58. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 2.37% since March 29, 2016 and is uptrending. It has underperformed by 1.10% the S&P500.

The ETF’s YTD performance is 23.83%, the 1 year is 17.57% and the 3 year is -0.66%.

SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Physical Gold Bullion for 100.00% of assets.

More notable recent SPDR Gold Trust (ETF) (NYSEARCA:GLD) news were published by: Etfdailynews.com which released: “Analyst: Gold Investors Must Focus on the Big Picture” on October 28, 2016, also Etfdailynews.com with their article: “Here’s Why It Might Be Best to Wait Until 2017 To Buy Gold” published on October 26, 2016, Etfdailynews.com published: “Are We Close Enough to Gold’s Bottom to Buy Now?” on October 25, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Marketwatch.com and their article: “David Bartosiak’s SPDR Gold Trust ETF Trade” published on October 05, 2016 as well as Investorplace.com‘s news article titled: “Strike Gold in the SPDR Gold Trust (ETF) (GLD)” with publication date: October 06, 2016.

GLD Company Profile

SPDR Gold Trust (the Trust), incorporated on November 12, 2004, is an investment trust. The Trust’s business activity is investment in gold. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust creates and redeems Shares from time to time, but in over one Basket (a Basket equals a block of approximately 100,000 Shares). The Trust issues baskets of Shares or Baskets, in exchange for deposits of gold, and distributes gold in connection with the redemption of Baskets. The Shares are designed to provide investors with a way to invest in gold. The creation and redemption of Baskets is made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which would be based on the combined net asset value of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is received.

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