Gold-backed ETFs increased by 3.3 in October to 2,347.6t in global holdings

• Europe led inflows in October, as investors added 11.2t (+$523mn, 1.3% AUM) of gold through funds listed in the region
• There were outflows in North America of 8.0t (-$305mn, -0.59% AUM), reversing some of its September gains
•  Asia funds gained 0.8t (+$33.8mn, 1.04% AUM). ETFs in other regions lost -0.7t (-$30.7mn, -1.71% AUM)

• iShares Physical Gold ETC added 4.1t (+$170.3mn, 5.8% AUM)
• ETFS Physical Gold added 4.1t (+$168.1mn, 2.9% AUM) 
• ETFS EUR Hedged Physical Gold added 1.9t, increasing their AUM by over 50%, and ETFS GBP Daily Hedged Physical Gold added 0.7t, increasing their AUM by 23%, both on the back of a stronger USD
• iShares Gold Trust added 5.8t (+$240mn, 2.55% AUM), while SPDR® Long Dollar Gold Trust increased holdings by 8%
• SPDR® Gold Shares led outflows globally and in North America with  13.9t (-$561mn, 1.6% AUM) coming out of the fund

• Global gold-backed ETFs collectively hold 2,347.6t, as funds added 182.2t of gold, equivalent to $7.8bn so far, this year. This represents an increase of 8% of global AUM from December 2016
• European funds continue to lead inflows accounting for nearly 70% of all inflows at 127.4t (+$5.1bn; +12.8% AUM) in 2017
• German-based ETFs Xetra-Gold and db Physical Euro Hedged ETC account for 32% of net inflows year-to-date with Xetra-Gold alone accumulating 55.1t (+$2.3bn) – a 49% increase over the period

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