Texas-based investment adviser US Global Investors has launched the US Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU), tracking the performance of companies engaged in the production of precious metals either actively (through mining or production) or passively (through owning royalties and production streams).

Gold ETPs saw their largest weekly outflows in over six months during the week beginning 26 June in response to hawkish comments from the European Central Bank (ECB) and the Bank of England (BOE), as well as the release of higher than expected inflation data in Germany, according to the weekly flows analysis from ETF Securities.

By Joe Foster, portfolio manager for the gold and precious metals strategy at VanEck.

The gold price changed very little in May, recovering towards the end of the month after early weakness brought on by the French presidential election and the FOMC (Federal Open Market Committee) meeting. From the first round of the French elections on 23 April to the final round on 7 May, markets became increasingly convinced that the pro-EU candidate Emmanuel Macron would win the election. This pressured gold as the risk of a Marine Le Pen-led Eurozone break-up lessened.

VanEck has rolled out British pound-denominated share classes for its range of four VanEck Vectors UCITS ETFs. Now tradable on the London Stock Exchange, the GBP-denominated ETFs build upon the US-dollar denominated UCITS ETFs already registered on the LSE, providing greater flexibility in currency exposure for local and international investors.

Analysis from S&P Dow Jones Indices ahead of the rate announcement by the Federal Reserve on 14 June assesses the historical impact of rising interest rates on various commodities. 

Investors reacted to the UK election on 9 June 2017 by increasing their exposure to short GBP ETPs, according to ETF Securities’ weekly ETF/ETP flows analysis.

Global ETP industry assets passed $4 trillion during May as net inflows of $45 billion were recorded, according to monthly flows analysis from BlackRock. The big gainers amongst ETF asset classes in May included broad Europe equity, EAFE equity and investment grade corporate debt.

UBS has unveiled two new commodity index ETFs on Deutsche Börse’s Xetra exchange. The ETFs enable investors to participate in the performance of a diversified commodity basket while one of the funds hedges currency risk between the US dollar and the euro. 

Lyxor has cross-listed a commodity ex-agriculture ETF as well as two inflation expectation ETFs on the SIX Swiss Exchange.

ETF provider Source has launched a new commodity ETF on Deutsche Börse’s Xetra platform.