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Investors pull out of gold ETFs in Q1

Posted on 05 April 2013

Global commodity exchange-traded funds recorded multi-billion dollar outflows for the first quarter of 2013, but the near-default of Cyprus last month is expected to increase appetite for gold funds in the second quarter, according to fund provider ETF Securities.
Global commodity ETFs experienced outflows of $8.64bn in the first quarter, fuelled by $9.16bn of outflows in gold, as increased investor risk appetite saw movement into equities, according to ETF Securities. Precious metals and energy accounted for the largest outflows among commodity asset classes, with outflows of $8.09bn and $1.35bn respectively………………………………………..Full Article: Source


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