3 ETFs that have performed well in post-Brexit flight to safety

SINGAPORE (July 1): After the United Kingdom voted unexpectedly to leave the European Union, investors who were caught out sold off their riskier assets to look for safe havens. Meanwhile, cautious investors who had hedged their equity portfolios using instruments such as exchange-traded funds or ETFs must have heaved a sigh of relief. Here are a couple of ETFs that have performed well:

SPDR Gold Shares ETF
Gold prices were among the first to surge from the UK referendum. The world’s largest gold exchange-traded fun saw its physical gold holdings rise 2% that day to 934 tonnes as spot gold prices surged over 7%, the highest intraday jump since the global financial crisis.

iShares Barclays 7-10 Year Treasury Bond Fund
US Treasuries were another investor favourite. The US-listed iShares Barclays 7-10 Year Treasury Bond Fund opened higher at 1.6%. In turn, yields on 10-year US Treasuries fell by 19 basis points, a quantum unseen since the financial crisis.

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