Despite the falling prices of the yellow metal, gold ETFs (exchange traded funds) will remain attractive as an asset class in the near future, say industry players.
“Gold ETFs will remain attractive as an asset class. A trend can’t be drawn from the fall in the AUMs for one short period,” IDBI Mutual Fund Chief Executive Debashish Mallick has told the news agency.
After recording net inflows for seven consecutive months, gold ETFs witnessed a net outflow in February as investors booked profits to invest in equities and other asset classes. PTI