ETFs

Developed equities attracted the bulk of inflows into exchange traded funds (ETF) in the second quarter, according to the latest figures from iShares, as investors continue to shy away from emerging markets.

BlackRock's ETF platform iShares has appointed Tom Fekete from Barclays Wealth as head of product development in Europe, Middle East and Africa (EMEA).

Morningstar has revealed the ten most popular exchange-traded funds (ETFs) in the second quarter of 2013, based on the most searched for funds on its website.

Blackrock has completed the purchase of Credit Suisse's ETF business as part of an expansion into the Swiss market.

Nitesh Shah, research analyst at ETF Securities, says while the price of gold has dipped recently, other precious metals could provide investors with a good return as economic conditions improve.

Outflows from gold-backed exchange traded funds in 2013 are now greater than the combined level of inflows seen in 2011 and 2012, according to Bloomberg data.

Vanguard Asset Management has bolstered its ETF range with the listing of four products on the London Stock Exchange.

COMMODITIES

ETFs

The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.