Commenting on the recent price hike in gold, Joe Foster, Portfolio Manager and Strategist for the Gold and Precious Metals strategy, VanEck, says: “As gold hits its highest level for four months, we think its valuation is supported by the markets not pricing in the longer-term impact which further monetary tightening from the Fed could have on a late-cycle economy.
Commodities & Resources
In the first weekly update on ETF flows of 2018, ETF Securities writes that gold ETPs received inflows of USD19.2 million, staging a strong start to the new year.
ETF Securities writes that industrial metal ETPs recorded the largest weekly inflows since summer 2014 with a record inflow of USD112.9 million, the largest weekly inflow since August of that year.
Global ETF launches for the week 20.11.17
J.P. Morgan Asset Management has listed its first two European ETFs on the London Stock Exchange (LSE): JPMorgan ETFs (Ireland) ICAV - Managed Futures UCITS ETF (JPMF) and JPMorgan ETFs (Ireland) ICAV - Equity Long-Short UCITS ETF (JELS).
Global ETF launches for the week 06.11.17
KBI Global Investors has launched KBIGI Global Sustainable Infrastructure Strategy, part of its Natural Resources suite of strategies.
ETF Securities has announced that its ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has been added to the Schwab ETF Select List.
In its weekly review of ETF flows, ETF Securities writes that last week saw gold ETP inflows increase for the second consecutive week amounting to USD20.6 million, following a mixed payroll report.
In its weekly bulletin on ETF flows, ETF Securities writes that platinum ETPs received their largest weekly inflows in 18 months, totalling USD43.2 million.