Panicking over volatile equity markets, investors have poured roughly $7.5 billion into precious metals exchange-traded funds (ETFs) year-to-date, mostly chasing the gold trade.
The SPDR Gold Shares (GLD) ETF is up more than 16 percent and has taken in 77 percent of the money, or $5.6 billion. The iShares Gold Trust (IAU) ETF has seen inflows of $1.5 billion, according to XTF.com.
After such a long downturn in gold, the rebound has been remarkable, said Matt Hougan, chief executive officer of Inside ETFs. "For the sector to turn around in such a short period of time and lead all ETFs, it's pretty incredible," he said.