| Outflows from commodity exchange traded products (ETPs) nearly tripled in May as investors piled record amounts of money into safe-haven government bond ETPs in response to a deteriorating outlook for the global economy.
Investors pulled some $2.9 billion from U.S. and Europe-listed commodity ETPs last month, after withdrawing nearly $1 billion in April, data from asset manager BlackRock showed. Some $1.5 billion of the May outflows came from precious metals ETPs...............................................Full Article: Source |