09.04.2013 - Heavy outflows from commodity ETPs as equities appeal: BlackRock
Investors in commodity exchange traded products (ETPs) unwound their holdings to jump on the equity market rally in March, resulting in total redemptions of US$3.2 billion globally, according to BlackRock data. Gold suffered an investor exodus for a third consecutive month, bringing first-quarter ETP outflows to US$9.2 billion, but white metals - silver, platinum and palladium - escaped the sell-off, BlackRock, the world's largest asset manager, said. Riskier, growth-related commodities such as industrial metals and energy also did poorly in March, as the Cyprus crisis stoked new worries over eurozone debt and economic growth...............................................Full Article: Source
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