ETC outflows low despite commodities crash

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Figures released by Deutsche Bank and ETF Securities confirm European investors largely stuck with ETCs last week despite a fall in commodity prices.

ETFS' weekly statistics reveal prices fell across every one of the issuer's commodity funds, yet net redemptions were limited to precious and industrial metals and energy. All in all, the ETFS commodity platform saw redemptions worth $253m, the equivalent of roughly 0.9% of its total assets under management. According to Deutsche Bank, net outflows of €77m across all European ETCs amount to a loss of under 0.2% from an asset class worth €40bn. Silver was by far the worst hit sector, losing 8.4% of assets through cash flows and 31% in total after a fall in the silver price of almost 30...

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