The first six months of 2011 saw investors withdrawing $516.5 million from ETF Securities’ precious metals ETFs, Financial Times reports. The firm’s total inflows reduced to $216 million, in comparison to $5.3 billion for the entire 2010.
July witnessed investments worth $432 million in the company’s gold products, while outflows in the first half stood at $413 million. Physically backed silver ETFs generated revenues of $53 million in the month, versus an outflow of $64.8 million in the first half of the current year.
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