Barrick Sees Gold Stocks ‘Inflection Point’ As ETFs Nab Funds: Commodities

By
Devon Layne
February 23, 2012
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After underperforming physical gold in 2011, gold mining companies such as Barrick Gold Corp. and Goldcorp Inc. might be in a position to start outperforming bullion, according to an article on Bloomberg News.

Gold-backed ETFs may have contributed to the underperformance of gold mining companies, the article said, citing physical bullion ETFs such as the SPDR Gold Shares (NYSEArca: GLD).

Such ETFs give investors the ability to hold physical metal without being exposed to the operational risks of gold companies, the Bloomberg report said.

For more information, visit Bloomberg.com.

 

ETF DAILY DATA

The consumer discretionary fund 'XLY' garnered a $1 billion-plus blast of creation on Tuesday, March 3. Still, a falling market offset net inflows and pulled total U.S.-listed ETF assets down to $2.092 trillion.

'VCR,' the consumer discretionary fund, paced Vanguard's issuer-leading inflows on Tuesday, March 3, as total U.S.-listed ETF assets ended the day at $2.092 trillion.

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