NEW DELHI: Gold exchange traded funds (ETFs) continued losing popularity as an investment class with investors pulling out over Rs 250 crore from the instrument in April-July of this fiscal, preferring equities over them.Trading in gold ETF segment has been tepid during the last four financial years. "This is because, when debt as an asset delivers higher yields, gold, which has no underlying fundamentals, tends to underperform," she said. Gold ETFs are passive investment instruments that are based on price movements and investments in physical gold. It has last seen an inflow of Rs 20 crore in October. Prior to that, an inflow of Rs 5 crore was witnessed in such instruments in May 2013.

Source: Economic Times August 06, 2017 08:37 UTC