Indians shift to gold investments as local equities founder
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indians have become heavy investors in gold after a downturn in local equities, with a boom in exchange traded funds driving purchases as the commodity’s price hits record highs.Net inflows to gold ETFs in India reached a record Rs37.5bn ($437mn) in January and Rs19.8bn in February as the metal touched all-time highs, according to the Association of Mutual Funds in India.Falling share prices have pushed Indians to an asset they have long...



