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November outflows confirm dismal year for commodity ETPs

Posted on 06 December 2013

Investors continued to turn their backs on commodity exchange traded products (ETPs) in November with some $2.1 billion in global outflows, capping a dismal year for the gold-dominated asset class which has lost out to a rallyin equities.
Some $37.3 billion was pulled from commodity ETPs globally in the first 11 months of the year, according to data from BlackRock, the world’s biggest asset manager. This puts commodity ETPs on course for one of their worst years on record. “It’s been a tough year,” said Nitesh Shah, a research analyst at ETF Securities, an issuer of ETPs. “There’s been a change in mindset by a number of investors.”……………………………………….Full Article: Source


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