Money managers removed a record $4.23 billion from commodity funds in the week ended February 27, led by declines in precious-metal holdings, as raw materials capped the biggest monthly loss since October.
Investors pulled an all-time high of $4.03 billion from gold and precious-metals funds, said Cameron Brandt, the director of research for EPFR Global, which started tracking the flows in 2000. The Cambridge, Massachusetts-based researcher said last week that total commodity outflows for the period ended February 20 reached $828 million………………………………………..Full Article: Source