Investors pile into 'safe-haven' ETPs as volatility hits equity markets

Although there were no huge outflows or large re-positionings in the European market last week, flows into gold and fixed income ETPs increased. ETF Securities reported inflows of US$155 million across its gold products last week to Thursday, according to a London-based spokesperson for the provider. The ETP provider has seen almost $250 million of inflows into its gold ETPs year-to-date, most of which has been over the past four to five weeks. This marks a switch from the first half of the year when its gold products experienced outflows. There has also been increased interest in bon...