Gold and metals funds see $1.1bn outflows
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
Gold
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Gold inflows highest in close to two years
Inflows into gold exchange-traded products have hit their highest levels since February 2013, according to ETF Securities.
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Gold and oil trackers in favour with investors
Gold and oil ETP’s are seeing the longest stretch of consecutive positive flows since October 2012
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Risky fantasies pay off for fund selectors
If fund selectors do not need to take into account risk guidelines or fearful clients when constructing their portfolios, they can achieve amazing returns.