| A rough year for some commodities exchange traded funds got even more tumultuous in September as gold sank and investors scurried out of a spate of commodities ETFs. In September, commodity ETFs experienced $1.05 billion in outflows, the largest monthly withdrawal since December, and saw more money redeemed for commodity-backed ETFs for the month than in the combined nine months of the year, reports Luzi Ann Javier for Bloomberg.
Exchange traded products offering exposure to agriculture commodities have been particularly hard hit. The PowerShares DB Agriculture Fund lost $154.1 million during the third quarter. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN and the iPath Pure Beta Coffee ETN saw modest third-quarter outflows, a continuation of theme seen for coffee ETPs this year, despite the fact that JO and CAFÉ are two of this year’s top-performing non-leveraged ETPs..............................................Full Article: Source
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