16.07.2015 - Energy leads ETP outflows in June after Q1 ramp up
Energy led a net $976 million in outflows from commodity exchange-traded products (ETPs) in June after a rally in Brent crude oil futures petered out while silver drew inflows, data from BlackRock showed on Wednesday. Some $891 million was redeemed from energy ETPs last month, the data showed, following a period of range-bound trading in Brent that developed into a 4 percent decline in June. In total, some $2.67 billion was pulled from energy ETPs in the second quarter - a reversal of sentiment from the first quarter when investors put $8 billion into energy ETPs, trying to position for an oil price rebound...............................................Full Article: Source
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