February Blues for Gold ETFs

Investors have added $120.3 million to UUP over the past month, a total exceeded by just four other PowerShares ETFs, according to issuer data.

Investors are also remaining loyal to gold miners ETFs. For example, the Market Vectors Gold Miners ETF (NYSEArca: GDX) is off 9.4% this month, but the largest gold miners ETF has raked in $352.5 million in new assets.

Last week,a 13F filing with the Securities and Exchange Commission revealed that George Soros’s Soros Fund Management LLC reduced its stake in GDX during the fourth quarter while eliminating its exposure to the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ).

SPDR Gold Shares

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.