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CI Investments slightly increase SPDR gold holdings in third quarter: filing

NEW YORK (Reuters) – CI Investments Inc [CIXCI.UL] slightly boosted its holdings in the world’s biggest gold-backed exchange-traded fund during the third quarter, a U.S. Securities and Exchange Commission 13F filing showed on Friday.

The investment arm of Toronto-based CI Financial Corp increased its holdings in SPDR Gold Trust to 2.85 million shares though the value of those shares declined to $ 321.7 million in the third quarter from 2.81 million shares worth $ 333.2 million in the second quarter.

During the third quarter, spot gold prices declined more than 5 percent as investors continued to favor the U.S. dollar and riskier assets against the backdrop of a global trade …
Reuters: Wealth

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