04.03.2013 - Investors remove record $4.23 bln from commodity funds
Money managers removed a record $4.23 billion from commodity funds in the week ended February 27, led by declines in precious-metal holdings, as raw materials capped the biggest monthly loss since October. Investors pulled an all-time high of $4.03 billion from gold and precious-metals funds, said Cameron Brandt, the director of research for EPFR Global, which started tracking the flows in 2000. The Cambridge, Massachusetts-based researcher said last week that total commodity outflows for the period ended February 20 reached $828 million...............................................Full Article: Source
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