Datastream

Visualizing Gold ETFs’ Record Inflows of 2020

Published

6 months ago

January 26, 2021

Niccolo Conte

Gold ETF Inflows

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The Briefing

Gold ETF inflows in 2020 amounted to $47.9B (877.1t), more than doubling 2019’s inflows
This marks the fifth straight year of inflows into gold ETFs, almost doubling the previous record inflows in 2016 of $24.1B (541.1t)

Gold ETFs See Record Inflows in 2020

Gold had a strong year with 25% returns, and gold ETF inflows followed, reaching a new record high of $47.9 billion in 2020.

Gold-backed and gold ETFs have increasingly become a vital part of the gold investment market, making up around two-thirds of global net inflows for investment demand in the precious metal.

While gold set new all-time highs around $2,075/oz in 2020, gold ETF inflows ($47.5B) almost doubled the previous record-year of inflows (2016, $24.1B), and eclipsed 2013’s record year of outflows ($-41.6B).

Year	Total Flows in Tonnes	Total Flows in USD
2003	42.5t	$0.1B
2004	125.4t	$1.5B
2005	218.9t	$3.3B
2006	260.2t	$4.8B
2007	251.5t	$5.6B
2008	311.0t	$11.2B
2009	649.0t	$19.3B
2010	388.6t	$14.8B
2011	260.0t	$11.8B
2012	251.9t	$17.1B
2013	-887.1t	$-41.6B
2014	-149.3t	$-5.0B
2015	-129.3t	$-3.5B
2016	541.1t	$24.1B
2017	271.6t	$9.8B
2018	70.1t	$4.0B
2019	398.3t	$19.1B
2020	877.1t	$47.9B

Gold futures also saw increased participation in 2020, with aggregate open interest reaching yearly record-highs of $120.9B as investors and traders sought gold exposure.

North American Funds Represent Most Gold ETF Inflows

In terms of regionality, North American funds accounted for almost two-thirds of global net inflows from Q1-Q3’2020, reaching a total inflow of $31.9B for the year.

SPDR Gold Shares (GLD), the first U.S. gold ETF launched in 2004, made up the majority of North American inflows at $15.4B. Interestingly, this one ETF alone eclipsed Europe’s entire inflows for 2020 ($13.3B).

While Gold ETFs in Asia only reached $1.9B last year, their holdings saw the greatest percentage increase of all regions (49%) with seven new Chinese funds listed in 2020.

Gold ETFs are Driving Gold Investment Demand

Although flows turned negative in November ($-6.8B) and December ($-2.2B) of 2020, Gold ETF flows have returned positive for the first couple of weeks of 2021, with a $2.1B inflow as of Jan 15, 2021.

This return to positive ETF flows came as gold fell more than 5% from its $1,950 highs reached in early January. This could be a sign of gold ETF investors buying the dip, as gold potentially begins to turn upwards for the final two weeks of January.

Since gold ETFs make up such a large part of gold investment demand, keeping an eye on ETF flows can offer insight into where the precious metal might be headed.

»If you found this article interesting, you might enjoy this post on the ETFs: Visualizing the Expanse of the ETF Universe

Where does this data come from?

Source: World Gold Council
Details: The World Gold Council aggregates data from Bloomberg, ICE Benchmark Administration, and company filings.

Related Topics:precious metals gold Gold ETF Gold investment

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Datastream

Olympics 2021: Comparing Every Sports Ball

Here are the different sizes and weights of each Olympic sports ball used in the Tokyo Olympics.

Published

1 week ago

July 19, 2021

Omri Wallach

Olympics 2021 Comparing Every Sports Ball Preview

The Briefing

Table tennis has the smallest sports ball used in the Tokyo Olympics at just 4cm in diameter and 2.7g in weight.
The biggest by size is the basketball at 24.35cm in diameter, but the shot is more than 10 times heavier at 7.26kg.

Olympics 2021: Comparing Every Sports Ball

It might be strange having the Olympics in 2021 (an odd year), but 2020 was anything but normal.

After facing a 12-month delay due to the COVID-19 pandemic, the 2020 Summer Olympics in Tokyo are set to kick off from July 23 to August 8.

In addition to hosting traditional sports like running and aquatics, some sports are being introduced for the first time (karate, skateboarding) or returning after an absence (baseball).

One thing that many Olympic sports share in common? There are 17 different sports that use balls or spheres of some sort, ranging in size and weight. Here are the different balls used in the Tokyo Olympics.

Olympic Sports Balls by Size and Weight

The 2021 Olympics, which are still officially called the 2020 Olympics to keep the four-year cycle and branding consistent, are hosting 339 events across 33 different sports.

17 of those sports use balls or spheres. The official sizes and weights vary from a small diameter of 4cm for table tennis to the largest ball, a basketball with a diameter of 24.35cm.

Sport	Diameter	Weight
Table Tennis	4.00cm	2.7g
Golf	4.27cm	45.93g
Tennis	6.70cm	57.7g
Field Hockey	7.48cm	163g
Baseball	7.50cm	149g
Softball	9.55cm	177g
Shot Put	12.00cm	7,260g
Handball (Women’s)	17.51cm	350g
Handball (Men’s)	18.78cm	450g
Rhythmic Gymnastics	19.00cm	400g
Volleyball	21.01cm	270g
Water Polo (Women’s)	21.01cm	425g
Beach Volleyball	21.33cm	270g
Soccer	21.96cm	432.5g
Water Polo (Men’s)	22.28cm	425g
Basketball (Women’s)	23.24cm	538g
Basketball (Men’s)	24.35cm	608g

Even within the same categories of sports, balls have different size and weight rules based on event or gender. Water polo, handball, and basketball all have slight variations of a few centimeters in diameter and up to 100g in weight for different gender events.

But sorting the balls by weight shows that the shot is far and away the heaviest. At 7.26kg, the shot is more than 10 times heavier than a basketball. That’s because while most sporting balls are made of light material filled with air, shots are typically constructed entirely of metal.

Where does this data come from?

Source: Wired, Official Sport Rulebooks.

Datastream

Top 50 Companies Proportion of World GDP

The world’s top 50 companies are becoming more valuable, especially compared to global GDP.

Published

1 week ago

July 19, 2021

Omri Wallach

The Briefing

The combined market cap of the world’s top 50 companies was proportional to 27.6% of global GDP in 2020, up from just 4.7% of global GDP in 1990
Tech’s role continues to grow, now accounting for 21 of the top 50 companies

Top 50 Companies Proportion of World GDP

The world’s top 50 companies have become increasingly more valuable, and more powerful, over time.

As global GDP has grown over the last four decades, from $23.6 trillion in 1990 to $84.5 trillion in 2020, the proportional share of the world’s top companies by market capitalization has grown over five-fold.

Year	Global GDP	Top 50 Companies Market Cap as a % of GDP
1990	$23.6T	4.7%
2000	$34.0T	22.1%
2010	$66.2T	12.7%
2020	$84.5T	27.6%

Though the world’s top 50 companies change year-to-year, there’s also a lot of overlap.

Which Companies Dominated Each Decade?

2020’s largest company by market cap, Apple at $2.26 trillion, was the third largest company in 2010. Likewise, 2010’s largest company was Exxon Mobil, which was the second largest company in both 1990 and 2000 (but has since fallen off).

The top 50 companies in the world also highlight the increasing role of tech in the modern market. 1990’s largest company IBM was just one of three tech companies that made the ranking that year. Even in 2000, when the world’s largest company was GE, tech companies like Cisco and Microsoft only made up three of the top 10 companies by market cap.

Fast forward to 2020, and tech accounted for 42% of the top 50 companies in the world. It also plays a more prominent role on the high end of the spectrum, as six of 2020’s seven largest companies were tech-based, with only oil giant Saudi Aramco the odd one out.

Though digitization is a primary driver of current economic growth, will these trends remain steady in 10 or more years from now? Or will companies from other booming industries such as green energy take over the leaderboard?

>>Like this? You might find this article interesting, 23 Years of Shifting Tech Market Caps

Where does this data come from?

Source: Bloomberg, IMF.