Global Central Banks purchases most gold since 1964

Global Central Banks purchases most gold since 1964

According to data released by World Gold Council, the central banks added 534.6 tonnes of gold to reserves in 2012, the most since 1964.

It is also expected that more than 250 tonnes will be bought again in 2013 and 2014.

The WGC also says that central banks are increasing purchases of gold, yen and china’s currency to reduce their dollar and euro holding as a percentage of total reserves.

565$ billion inflow in global mutual fund industry in 2012

565$ billion inflow in global mutual fund industry in 2012

The global mutual fund industry witnessed a growth of 3.9% in 2012 with an inflow of 565$ billion. This excludes 535$ billion in fixed income funds during 2012. The AUM or asset under management also increased 39% between 2007 and the end of 2012.

The fixed income flows consist of almost 95% of the long term flow, rest you can imagine.

In the USA also the open end funds and ETF witnessed sharp rise in inflows to pre-crisis levels which led to industry assets rising to record of $10.6 trillion.

The management fee earned by non-money market funds netted 8.3$ billion in 2012, which was 9.7$ billion in 2007.