The market’s flagship gold-tracking exchange-traded fund — briefly the industry’s largest — no longer ranks in the Top 10 by assets.
The SPDR Gold Shares (GLD) saw $902 million in withdrawals last month, reducing the ETF’s assets under management to $27.4 billion, says ETF.com’s Olly Ludwig. Assets have fallen by roughly two-thirds since peaking at $77.7 billion in 2011. For a brief time, as gold was near its peak, GLD was the industry’s largest ETF. In November, when GLD hit its 10-year anniversary, the mood had soured for the asset class....MORE
That of course is iron pyrite.
