Individual fund flows- SPDR® Gold Shares and iShares Gold Trust were the primary drivers of North American and global inflows, accumulating 15.1t (US$642mn, 1.8% AUM), and 5.4t (US$230mn, 2% AUM), respectively, during March
- Bosera Gold, in China, continues to dominate Asian flows, adding 1.9t (US$81mn, 17% AUM) on the month
- Gold Bullion Securities, in London, continues to lead European and global outflows losing 1.5t (US$61mn, 1.7% AUM) during March
Year-to-date trends- North American funds have accounted for 85% of total net inflows on the year, driven by iShares Gold Trust (27.9t, US$1.2bn, 12% AUM), and SPDR® Gold Shares (8.6t, US$396mn, 1.1% AUM)
- Asian funds have grown assets by 13.4% through the first quarter, driven almost entirely by Bosera Gold. The fund has grown 40% on the year adding 11t (US$470mn)
- Europe has lost its 2017 asset-gaining momentum having slight outflows of 1.2t (US$171mn), highlighted by Gold Bullion Securities which has lost 10.6t (US$467mn, 12% AUM) on the year
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