Commodity ETF Flows: Investors Exit Agricultural And Energy Funds, Pile Into Precious Metals
By Hard Assets Investor: Commodity funds as a whole saw net outflows, while agricultural funds outperformed. The battle between inflows and outflows of commodity-related exchange-traded funds continued to see-saw last week, with the asset class seeing a net loss of $192 million in investment capital for the week after regaining net inflows of more than $197 million the week before.Precious metals funds continue to attract positive flows of capital, with investors sending more than $156 million that way. The only other sector to see inflows was broad market (multicommodity) funds, with more than $19 million.Energy funds saw outflows of more than $241 million, followed by agriculture, with outflows of $109 million and then industrial metals, which lost more than $17 million in investment capital. Exchange-traded products (ETPs) include exchange-traded funds (ETFs), exchange-traded vehicles (ETVs) and exchange-traded notes (ETNs).
Metal and mining funds attracted the most investor capital. Market Vectors GoldComplete Story »