Gold exchange-traded funds (ETFs) attracted Rs 1,328 crore from investors in the quarter ended June 2021 and experts believe that inflows will continue in the coming months of the fiscal. In comparison, inflow in the category was much higher at Rs 2,040 crore in the same quarter last year, according to data available with Association of Mutual Funds in India (Amfi). Quantum Mutual Fund Sr Fund Manager, Alternative Investment, Chirag Mehta said that inflows in gold ETFs were significant in the June quarter last year on account of significant economic uncertainty due to the COVID-19 pandemic. This year given the optimism surrounding economic recovery, inflows have slowed a bit. "The higher net inflows in gold ETFs last year could be attributed to the onset of the pandemic which created massive uncertainties about asset prices and inflation, driving many investors to turn to gold ETFs," Arshad Fahoum, Chief Product Officer at Market Pulse, said. Making similar views, Divam Sharma, ...
from Markets https://ift.tt/3BdgbAN
Subscribe to:
Post Comments (Atom)
-
उषाशी का संबंध एक ऐसे परिवार से हैं जहां अधिकांश लोग शिक्षक हैं। उन्होंने बचपन से अपने घर में पढ़ाई-लिखाई का माहौल देखा। वे 1986 में शादी के...
-
साउथ इंडिया में थेनी के पास वेंकटचलपुरम में राधिका का जन्म हुआ। वे शादी के बाद दिल्ली आ गईं। एक शौक के तौर पर राधिका ने ट्रैवल फोटोग्राफी क...
No comments:
Post a Comment