Gold ETF Fund Flows Quadrupled In November

 

Net cash inflow into the SPDR Gold Shares Exchange Traded Fund (Ticker: GLD), hit $1.15 billion during November according to data compiled by National Stock Exchange. This was 4.2x  the $272 million inflow during October, but still below September’s mammoth $2 billion inflow.

Altogether, a net $13.6 billion has flowed into GLD this year so far. GLD had the second largest inflows of any ETF during November. Clearly sentiment was roaring for gold last month.
[image url="http://static.businessinsider.com/image/4b1d38900000000000de115f/image.jpg" link="lightbox" caption="" source="" alt="etf" align="left" size="xlarge" nocrop="true" clear="true"]

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.