03.11.2014 - ETF Investors Losing Faith in Industrial Metals
A slowing global economy is sending skittish investors out of industrial metals-related exchange traded funds at the fastest clip in over a year. The PowerShares DB Base Metals Fund, which tries to evenly split its portfolio with aluminum, copper and zinc futures, now has $279.7 million in assets under management after seeing $53.4 million in net outflows so far this month, according to ETF.com data. Meanwhile, the iPath Dow Jones-UBS Copper Subindex Total Return ETN, an exchange traded note that tracks coppers futures and holds $63.5 million in assets, experienced $1.8 million in outflows...............................................Full Article: Source
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