02.01.2014 - Commodity ETPs see huge outflow, led by energy & precious metals
Investors sell their energy and precious metals funds as year-end approaches. Investors took out a whopping $1.3 billion from commodity-related exchange-traded commodity products this week. Each of the five sectors saw outflows, but energy fared the worst, as investors took out $821 million. Precious metals, broad market (multicommodity), agriculture and industrial metals ETPs saw smaller outflows - $372 million, $72 million, $70 million and $14 million, respectively. Assets under management in commodity-related exchange-traded products now total $122.2 billion, down 1.1 percent from the prior week...............................................Full Article: Source
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