By Hard Assets Investor:
By Sumit Roy
Another week of significant volatility in commodity markets led to more investor skittishness, as $2.1 billion of capital flowed out of commodity-related exchange-traded products. Total assets in such products fell by an even more significant $4.6 billion, due to capital depreciation.
Over the past two weeks, outflows in commodity ETPs have totaled $5.4 billion, while assets have declined by a stunning $19.6 billion on the back of plunging commodity prices.
Sector performance, unsurprisingly, was rather one-sided. Four of the five sectors saw net outflows, with precious metals in the lead. Outflows from ETPs related to gold, silver, platinum and palladium totaled $1.4 billion. Broad market (multicommodity), energy and industrial metals followed with $508 million, $431 million and $89 million in outflows, respectively.
Bucking the trend, however, was the agriculture sector, which saw a notable $315 in inflows. Interestingly, a single fund was responsible for much of those
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