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12 October 2009 at 13:30 IST
Best and worst performing Gold ETFs
LONDON (Commodity Online): Investor holdings in the by Goldessential monitored gold-backed exchange-traded funds were seen increasing 15.651 tonnes (503,188 ounces) or 0.98 pct in the week from October 1st up to and including October 8th, in-house calculations based on official data showed on Friday.
Three of the ten ETF‟s announced an inflow and five 'no change'. Two of the monitored ETF‟s reported a decline in holdings over the reported period.
The largest move in absolute numbers was seen in the world‟s largest bullion-backed exchange-traded fund, the SPDR
Gold trust, at 449,692 ounces or 13.99 tonnes (+1.28 pct). In terms of percentages, the South-African listed NewGold Debentures (Absa) reported the largest increase, at 90,075 ounces or 2.80 tonnes (+5.63 pct).
The ETF Securities marketed ETFS Metal Securities fund saw holdings up 20,924 ounces or 0.65 tonnes (+0.57 pct). The equally by ETF Securities marketed and London-listed Gold Bullion Securities (GBS) announced a decline in holdings of 56,718 ounces or 1.76 tonnes (-1.34 pct). The Ishares COMEX
Gold Trust (Barclays) saw gold holdings down 786 ounces or 0.02 tonnes (-0.03 pct).
All other monitored ETF‟s reported no changes over the given interval. Jointly, the ten monitored gold-backed exchange traded funds (excluding (1) and (2)) as such rose 0.98 pct over the latest week, thereby extending gains of 0.40 pct in the prior week and posting the eight consecutive weekly gain. Total monitored holdings (excluding (1) and (2)) were now at 1,612.95 tonnes, a new record high. Grand total monitored holdings (including (1) and (2)) were at 1,776.00 tonnes, equally a record high.
On a rolling month basis, the best performance (in percent) was seen in the NewGold Debentures ETF (+19.68 pct). On the second place stood the Julius Baer Physical Gold ETF (+6.21 pct). The third place was for the by ETF Securities marketed ETFS Metal Securities (+4.37 pct). The worst performance was seen in the Central Gold Trust (-0.30 pct) and the Ishares COMEX Gold trust (-0.03 pct), which was also the only two to see a physical decline over the rolling month timeframe.
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