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Commodity ETP assets decline in 2013 mainly due to gold

Posted on 08 January 2014

Global assets under management in commodity-related exchange-traded products fell sharply during 2013 mainly due to a steep fall in gold assets, said ETF Securities Tuesday. However, AUM for ETPs for platinum group metals rose. And whereas AUM for silver ETPs fell, this apparently was due to the lower price, as otherwise the metal had a net inflow, according to ETF Securities’ data.
AUM declined to $122.2 billion at the end of 2013 from $199.8 billion at the end of 2012 for commodity ETPs, said ETF Securities, which provides a number of metals exchange-traded funds. AUM for gold ETPs fell to $75.9 billion from $146.6 billion………………………………………..Full Article: Source


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