Buying/Selling activity in ETFs vs underlying instruments
Looking to see if I can calculate the buying vs selling activity in gold miner ETFs vs the same activity in the underlying equities like Sibanye Gold. Basically trying to see if buying activity is mostly passive moves or actual stock-picking.
I’m using Thomson Reuters currently. I basically am looking for the value traded each day of the underlying instruments but need to see if there are inflows or outflows and the volume of the trades.
So the below chart shows ETF gold miners including Sibanye.
What I did was used the difference between the closing and opening market value of the ETFs and multiplied that by the ETF’s closing price/opening price.
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