Gold exchange-traded products have seen outflows of over €1.4bn since the start of the year, driven by increased equity market confidence, according to Deutsche Bank.
Commodity ETPs have seen an overall decline of 0.4% in overall AUM on the back of precious metal outflows, although assets in European non-precious metal ETCs have grown 20.6% this year. The dominant weighting of these products - precious metals make up over 70% of the commodity ETP universe - has left the asset class underperforming as a whole, obscuring the success of broad basket, agriculture and energy funds. In fact, Deutsche Bank's Global Equity Index & ETF Research reveals that away from gold, no other commodity sub segments have experienced outflows in any week of 2011 up to 1...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
