Invesco: Gold ETFs Are Increasingly Attractive to Central Banks

A survey by asset management firm Invesco shows that central banks around the world are increasingly viewing exchange-traded funds (ETFs) as an effective way to increase their gold exposure. Invesco states that these institutions prefer ETFs over pure physical gold because such funds allow them to efficiently scale their allocations. Additionally, the relative anonymity of using ETFs—traditionally more a tool for retail investors or other institutional buyers—is also a major attraction.