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"These inflows are particularly significant, given the gold spot price's recent negative performance. In September and October, the gold price fell by -4.48%, but RMAU received over $75 million in inflows, outpacing the other gold ETCs," said Hector McNeil, co-CEO and co-Founder of HANetf, in a statement.
While RMAU could have benefited from some of that market volatility, McNeil said in a statement to Kitco, that interest in the fund is being driven by several factors, even as the broader market has struggled in the face of rising U.S. interest rates and a U.S. dollar at a 20-year high.