Commodities

Gold ETFs set to benefit as ‘fear trade’ intensifies

Sep 20th, 2017 | By
Gold ETFs set to benefit as 'fear trade' intensifies, reports World Gold Council

Gold ETFs look set to continue their recent bull run as, according to a report issued by the World Gold Council, the spot price of the precious metal is likely to be supported in the near term as growing uncertainty moves investors into safe-haven assets such as gold.



S&P DJI: Chinese growth concerns weigh heavy on metals

Sep 20th, 2017 | By
S&P DJI: Chinese growth concerns weigh heavy on metals

By Jodie Gunzberg, head of commodities indices at S&P Dow Jones Indices.

Industrial metals hit multi-year highs last month with the S&P GSCI Industrial Metals Index up off its bottom by nearly 60%. This was mainly due to strong Chinese demand growth and a falling US dollar. While the dollar has continued its fall in September, there is some concern over slowing growth in China.



WisdomTree: Gold may climb to $1,400/oz in near term

Sep 7th, 2017 | By
Precious metals ETFs lose their lustre

Gold ETPs could be set to benefit from a spike in the gold price, according to new market commentary from WisdomTree. Nazim Hamid, ETF strategist at WisdomTree thinks the spot gold price could climb as high as $1,400 in the near term, due to political uncertainty and increased interest from hedge funds.



Heating oil and gasoline ETPs hit two-year highs in Hurricane Harvey’s wake

Sep 5th, 2017 | By
Hurricane Harvey ETFs ETF Securities

Harvey, the first category three hurricane to make landfall in the US since 2005, has sent the prices of ETPs tracking heating oil and gasoline to their highest levels since summer 2015 after the storm damaged a third of US oil refineries when it swept through the Gulf Coast at the end of August.



S&P DJI: Metals never had an August this hot

Sep 5th, 2017 | By
S&P DJI: Metals never had an August this hot

By Jodie Gunzberg, managing director, product management, S&P Dow Jones Indices.

August 2017 was the first August on record that all the metals gained together (since 1995 – the earliest year all seven metals were included in the index,) and it was the first month every metal gained together since September 2016. As a result, the S&P GSCI All Metals Total Return Index gained 7.3% in August, posting its best August ever since 1995.



GraniteShares rolls out lowest-cost gold ETC

Sep 1st, 2017 | By
GraniteShares rolls out lowest-cost gold ETC

US-based ETF provider GraniteShares has launched the GraniteShares Gold Trust (NYSE Arca: BAR), a physically backed exchange-traded commodity which boasts the lowest expense ratio of all gold ETPs in the marketplace.



ETF Securities: Agriculture ETPs standout during summer doldrums

Aug 30th, 2017 | By
ETF Securities: Agriculture ETPs standout during summer doldrums

London-based ETF Securities has reported that flows into its commodity ETPs were subdued over the week ending 25 August 2017 with James Butterfill, head of research and investment strategy, noting the summer doldrums have taken a toll on the volume of flows. The exception has been ETPs tracking agricultural products which collectively recorded $17m in net inflows.



Investors flock to gold amid geopolitical tensions, reports ETF Securities

Aug 17th, 2017 | By
Gold-backed ETF holdings gain 22.4 tonnes in September

London-based ETF Securities has reported that its gold ETPs attracted $63.2 million of net new assets in the week ending Friday 11 August 2017. The strong asset gathering, reportedly in response to demand for portfolio protection amid rising geopolitical tensions, marked the third consecutive week of positive net inflows for the yellow metal.



7IM gold exposure hits record high

Aug 16th, 2017 | By
Gold ETFs set to benefit as 'fear trade' intensifies, reports World Gold Council

Seven Investment Management (7IM) has reported that its gold exposure is currently at its highest ever level due to the firm’s “risk off” positioning as a result of perceived elevated risks in the stock market. 7IM’s gold holdings (15.4 tonnes) is now greater than a number of countries including Ireland, United Arab Emirates and the Czech Republic. The discretionary fund manager uses physically backed exchange-traded commodities (ETCs) from Source and iShares to obtain gold exposure in its range of funds and managed portfolios.



ETF Securities reduces management fee on Swiss gold ETP

Aug 14th, 2017 | By
ETF Securities reduces management fee on Swiss gold ETP

London-based ETF Securities has announced it has reduced the management fee charged on the ETFS Physical Swiss Gold ETP (LON: SGBS). Effective immediately, SGBS will charge a management fee of 0.25% per annum, down from its previous cost of 0.29%.