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...
To continue reading this article...
Join Professional Adviser for free
- 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