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Investors continue to dump commodity ETPs in May-BlackRock

Posted on 12 June 2013

A stronger dollar and weaker inflation expectations prompted further redemptions from commodity exchange traded products (ETPs) by investors in May,although the pace slowed from April’s record outflows.
ETPs, whose value is linked to moves in their underlying assets, are seen as an easy route into commodities. Commodity ETPs lost $6.3 billion last month according to data from BlackRock, compared with an unprecedented $9.3 billion in April. This was largely due to a reduction in outflows from gold ETPs, which totalled $5.7 billion in May, compared with $8.7 billion in April………………………………………..Full Article: Source


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