Commodity ETPs outstrip fixed income for the first time

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Commodity exchange-traded products (ETPs) surpassed fixed income for the first time in July, according to Lyxor's European ETP Asset Flow Trends report.

Driven by rising precious metal prices that have seen gold hit a high in the 1860 range, commodity assets under management (AUM) stand at 17.6%, which makes it the third largest ETP sector. Country-related ETPs have the highest assets under management at 29.9% of total ETP AUM, followed by regional ETPs on 24.7%. "ETCs and ETFs in the commodity space remain predominantly focused on precious metals. These account for close to 75% of all AUM. Precious metals accounted for 57% of commodity inflows over the past year," according to the report. In addition, Cowen International Trading (CIT...

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