Assets under gold ETFs jump to Rs 5,000 cr amid fears of economic headwinds

Data from Morningstar showed that assets under management of gold Exchange Traded Funds have been rising since April this year

Assets managed by gold exchange traded funds rose to Rs 5,079.22 crore in the first four months of the current fiscal, a period during which stock market dropped 3 per cent as investors turned to the yellow metal amid economic headwinds.

Data from Morningstar showed that assets under management (AUM) of gold ETFs (Exchange Traded Funds) have been rising since April this year.

In contrast, the 30-share Sensex has fallen 1,191.79 points or 3 per cent during the April-July period. The BSE's benchmark index suffered a massive drop of nearly 5 per cent in July compared to the previous month.

"For a long