Today were published iShares Gold Trust (IAU)’s daily net flows. The ETF registered $134.32M asset inflows for 2.21% increase, reaching $6204.74M after yestarday’s trading session. The chart of iShares Gold Trust (IAU) shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 1.27% or $0.14 on February 4, hitting $11.17. iShares Gold Trust(ETF) (NYSEARCA:IAU) has declined 1.15% since July 1, 2015 and is downtrending. It has outperformed by 6.65% the S&P500.
The ETF’s YTD performance is 5.38%, the 1 year is -13.27% and the 3 year is -12.7%.
The investment seeks to reflect generally the performance of the price of gold. The Trust seeks to reflect such performance before payment of the Trust”™s expenses and liabilities. The Trust is not actively managed. It does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold. The Trust receives gold deposited with it in exchange for the creation of Baskets of Shares, sells gold as necessary to cover the Trust expenses and other liabilities and delivers gold in exchange for Baskets of Shares surrendered to it for redemption.
iShares Gold Trust (IAU) is in the ETF category: Commodities Precious Metals, is part of iShares fund family and currently has $5.95 billion net assets. It was started on 1/21/2005. iShares Gold Trust (IAU) is in the ETF category: Commodities Precious Metals, is part of iShares fund family and currently has $5.95 billion net assets. It was started on 1/21/2005. The fund’s top holdings are: Gold for 100.00% of assets.