Exchange-traded products recorded $69.5 billion net inflows in July, driven by strong demand for fixed income exposures, according to BlackRock’s latest Global ETP Flows report.

By Fiona Boal, Head of Commodities and Real Assets, S&P Dow Jones Indices.

The S&P GSCI rose 3.8% in July 2020, taking its YTD performance to -33.9%. Weakness in the US dollar against a range of currencies supported commodities.

VanEck remains bullish on gold ETFs, seeing $3000/ozt as a reasonable price target for the metal in the current bull market run.

Invesco has reduced the expense ratio on its $13.8 billion Invesco Physical Gold ETC (SGLD LN) from 0.19% to 0.15% – the third time the issuer has lowered the ETC’s fee in the past two years.

The iShares Physical Gold ETC (IGLN LN) has surpassed $15 billion in assets under management – the first European-domiciled gold ETP to reach the milestone – just as the gold price set its own record by topping $2,000/oz.

ETFs providing exposure to gold are prospering from strong returns and record inflows as investor nerves spur allocation increases, pushing the price of the metal to record highs. The SPDR Gold Shares (GLD US) has led the pack, growing to more to $77.9bn in assets under management.

White-label ETP platform HANetf has surpassed $500 million in assets under management, less than two years after the firm listed its debut ETF.

By Nitesh Shah, Director, Research, WisdomTree.

According to our internal models, we expect silver prices to rise close to 30% in the year to Q2 2021, outpacing our gold forecast of 18% over that same time frame.

Invesco has launched a sterling-hedged version of its blockbuster physical gold ETC. Chris Mellor, Head of ETF Equity and Commodity Product Management at Invesco, said, “Many investors this year have told us they want exposure to the gold price but not the currency risk attached to a US dollar asset. We are now able to offer these investors currency-hedged versions of the Invesco Physical Gold ETC, our largest exchange-traded product in Europe.”

Horizons ETFs Canada has slashed the management fee on the Horizons Gold ETF (HUG CN) from 0.65% to 0.20%, making it one of the lowest-cost gold ETFs in Canada. Steve Hawkins, President and CEO of Horizons ETFs, said, “Our fee reduction represents more than a two-thirds decrease in the management fee of the ETF – a significant cost savings opportunity that we are happy to pass on to investors looking for a low-cost ETF solution to obtain exposure to gold.”