Sun, Apr 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | ETFs / ETCs, Performance, Research more

Commodity ETPs suffer record outflows in April-BlackRock

Posted on 10 May 2013

Commodity-based exchange traded products (ETPs) suffered record outflows of $9.3 billion in April, data showed on Thursday, as institutional investors dumped gold holdings.
Leading wealth managers have been switching out of commodities since the start of the year in favour of equities and bonds as they look for yield, a trend which accelerated in April with a major sell-off across the commodities field, led by a collapse in the gold price. Global outflows from commodity ETPs tripled month-on-month, according to Blackrock Inc, the world’s largest asset manager, while redemptions from the precious metals segment quadrupled after gold’s largest spot-price decline in 30 years………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930