ETC inflows near record $3bn for 2009 year to date

Flows into ETCs increased last week for the fifth consecutive week and the 14th week in the past 15, boosting long ETC inflows to $2.9bn so far this year, according to ETF Securities (ETFS). "This marks a record since the inception of ETCs," says Daniel Wills, senior analyst at ETF Securities. The world's first ETC was based on gold and launched in Australia by ETFS in 2003, although the ETC market properly emerged in 2006, according to Wills. The report by ETFS shows that assets under management in ETCs have almost doubled since mid-November, due to strong flows into physically...