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Global commodity AUM at US$170b in January: Barclays
[NEW YORK] Total global commodity assets under management (AUM) rose to US$170 billion in January from US$160 billion in December, Barclays said on Friday.
The AUM for precious metals had the maximum share with US$81 billion, and energy had US$43 billion.
The total investment flows into commodities was US$13.9 billion in January, with energy garnering the biggest inflows with US$5.9 billion, and precious metals witnessing inflows of US$3.7 billion.
"2016 has started on a positive note with inflows to oil and gold turning overall flows positive again for the asset class as a whole," the British investment bank said in a note.
"Investors have been attracted back to commodities due to a perception of cheapness in some, especially oil, while financial market uncertainty and a phase of dollar weakness have boosted interest in gold," the bank said.