WGC: G7 Gold ETF Holdings Drop, Brics Rise

Turkey is the wildcard

Highlights

• Global gold ETFs collectively saw another outflow in February, extending their losing streak to nine months; North America led outflows, while Asia was the only region that captured inflows.

• Total AUM fell by 1.8% in February, to US$206bn. Collective holdings ended the month at 3,126t, a 49t loss.

• So far in 2024, outflows from global gold ETFs have piled up to US$5.7bn. North America (- US$4.7bn) and Europe (-US$1.4bn) bore the brunt of the loss

  

February in review

Outflows from global physically backed gold ETFs0F 1 continued for the ninth consecutive month, shedding US$2.9bn in February (Table 1, p2).