Asia has been a major driver of this trend, leading to a substantial 33% rise in assets under management (AUM) and an impressive inflow of USD 4.7 billion this year.
Asia Driving Growth with Record October Inflows Asian gold ETFs attracted USD 2.1 billion in October, marking the 20th consecutive month of inflows for the region. China has seen record-breaking investments in gold ETFs, fueled by rising local gold prices and stock market volatility. A wave of government stimulus measures in late September added momentum, resulting in October reaching the highest monthly inflows on record.
This story is from the November 09, 2024 edition of The Business Guardian.
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This story is from the November 09, 2024 edition of The Business Guardian.
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