Offshore funds, ETFs see $2 bn inflows in Q1 this year
The Dollar Business Bureau Exchange-traded funds (ETFs) and offshore funds in India recorded a net inflow of $2 billion in the first quarter of this year compared to a huge outflow of $1.3 billion in the same period a year-ago. An offshore fund is referred to a collective investment scheme that is not domiciled in the country but primarily invests in its markets. As per a report by Morningstar, offshore funds focused on India witnessed an inflow of $1.46 billion, whereas ETFs registered an inflow of $509 million, making the total at $2 billion. During the quarter of October-December last year, this category had registered a net inflow of $449 million. The category saw net inflows of $196 million during the quarter July-September 2016. However, ...
Good news for economy is good news for gold too: World Gold Council Study
The Dollar Business Bureau | @TheDollarBiz Demand for gold in China is expected to increase by 20% in three years Conventional wisdom says that good news for the global economy is bad news for gold, but there is a significant and positive correlation of gold to GDP and income growth and a negative relationship to price, finds a new study by the World Gold Council (WGC). Global gold trade has sagged in the last few years and demand for gold is likely to decline sharply for the third year in a row in 2014. Views that a strong USD and a possible economic recovery may hurt gold demand further prompted WGC to commission a third-party study on the relation ...
