Big Money enters Gold
The data allows to extract single investors of the world’s biggest gold-ETF, SPDR Gold Trust (Ticker Symbol: GLD), as well as changes in ownership compared to the previous quarter.
According to the data, Paulson & Co. remains in first place of major investors in this gold fund. US-billionaire John Paulson’s fund held on to its shares, most recently worth $ 1.2 billion.
Canadian asset manager CI Investments Inc. was by far the biggest purchaser in Q1. The company increased its GLD-positions by 6,117,900 shares and hence soared on to second place in the major share holders’ ranking. The investment value: $ 735 million – which corresponds to 7.7 percent of the entire portfolio of this major investor, and also was the biggest single holding of this company in Q1’2015, an even bigger position than shares of Apple Inc. ($ 626,67 million).
Read More: http://www.goldreporter.de/big-money-enters-gold/english/50742/