Emerging Market taking over Gold as 2nd Largest ETF

April fund flows knocked the SPDR Gold ETF GLD -0.01% out of the No. 2 spot among the largest exchange-traded funds as investors pulled out $6.77 billion, according to IndexUniverse late Wednesday.

That 18.8% drop left the ETF with $50.92 billion in assets under management. Gold prices GCM3 +0.53% dropped 7.8% over the month of April to $1,472.10 an ounce.

It also made the new No. 2 ETF the Vanguard FTSE Emerging Markets ETF VWO -0.01% , which also happened to be the second biggest loser as far as fund outflows with $1.55 billion. The fund is currently at $57.69 billion in assets under management.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu