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ETF Specialist

Gold Rush: The Performance Chase Is on Again in Gold ETFs

Gold's resurgence is driving what will likely be another cycle of bad investor behavior.

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A version of this article was published in the April 2016 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website. 

In the accompanying table, I’ve plotted trailing 12-month estimated net flows for SPDR Gold Shares (GLD) on the left vertical axis and the cumulative performance of a $10,000 investment in GLD from Oct. 31, 2005, through Sept. 30, 2016, on the right vertical axis.

Ben Johnson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.