exchange-traded fund: The ETF is the largest exchange-traded fund tracking the asset and a popular way to make bets on the precious metal, according to Market Watch. According to Fact Set data, the fund has seen outflows for 28 straight sessions, a record. Investors have fled from gold since last month's U.S. presidential election, with the SPDR Gold Trust GLD, -0.24% seeing a massive spike in outflows. Almost 4.7 billion has been withdrawn from the 30.2 billion fund since the election, making it one of the hardest hit of any fund in the ETF universe. Investors have been betting that massive corporate tax cuts and environmental and financial deregulation Trump has proposed will accelerate economic growth, making the yellow metal less attractive as an asset Read Peter Schiff sheds no tears as a Trump rally hammers gold, Dow nears 20,000 See also opinion India, not Trump, is the real reason behind the crash in gold prices The gold ETF is down 11.3% since the election, recently falling to its lowest level since February. Gold tends to have an inverse correlation with the stock market, which has been in rally mode since the unexpected election of Donald Trump in early November.
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