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Record outflows from commodity ETPs in 2013 as investors dump gold

Posted on 10 January 2014

Commodity exchange traded products (ETPs) suffered their worst year on record in 2013 as investors dumped their gold holdings and joined the equity rally, data from BlackRock showed.
A whopping $42.9 billion was withdrawn from commodity ETPs in 2013, with gold ETPs accounting for $40 billion of those outflows, asset manager BlackRock said. The SPDR Gold ETP lost $25 billion, the single biggest ETP outflow in 2013…………………………….Full Article: Source


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