Two ETFs representing physical gold lost enough assets to make the bottom 10 net YTD outflows list. The SPDR Gold ETF (NYSEARCA:GLD) also suffered the largest net outflow in the third quarter.
2013 NET INFLOWS & OUTFLOWS FOR ETFs OF ALL CLASSES THROUGH SEPT. 30
Data as of Sept. 30, 2013.
While ETFs based on physical precious metals didn’t attract major new assets, the Market Vectors Gold Miners ETF (NYSEARCA:GDX) received more than $1.5 billion of new capital during the third quarter.
Someone must be interested in the mining sector.
TREND # 3: Bond ETFs
In addition to pulling money from gold ETFs, investors also deserted longer-term fixed-income ETFs. Several are on the redemption lists for both the year-to-date and the latest quarter.
The reason is no mystery: The Federal Reserve’s “taper” plan pushed long-term interest rates higher, hammering the value of bond portfolios.