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Heavy outflows from commodity ETPs as equities appeal: BlackRock

Posted on 09 April 2013

Investors in commodity exchange traded products (ETPs) unwound their holdings to jump on the equity market rally in March, resulting in total redemptions of US$3.2 billion globally, according to BlackRock data. Gold suffered an investor exodus for a third consecutive month, bringing first-quarter ETP outflows to US$9.2 billion, but white metals - silver, platinum and palladium - escaped the sell-off, BlackRock, the world’s largest asset manager, said.
Riskier, growth-related commodities such as industrial metals and energy also did poorly in March, as the Cyprus crisis stoked new worries over eurozone debt and economic growth………………………………………..Full Article: Source


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