Investors have yanked cash from emerging market ETFs ahead of central bank decisions, although the region has seen a little relief around the Trump-Kim summit.
Safe haven areas of the market are once again in the spotlight after North Korean leader Kim Jong-un threatened the US with the “nuclear button”.
European investors have been selling out of gold ETFs, according to figures from the World Gold Council, with the price of the shiny metal falling back below the $1,300/oz mark during September.
South Korea ETFs remain little phased by US President Donald Trump’s strong words about the dictatorship north of the border and show healthy longer-term returns for investors.
Gold exchange traded products (ETPs) have enjoyed increased inflows over recently weeks, as tensions between the US and North Korea push investors into safer assets.
The attitudes of European and US investors towards gold ETFs have not been this different since 2013, as EMEA-domiciled gold ETPs have attracted positive flows every month so far this year, while US offerings have suffered outflows.