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US commodity ETFs haemorrhage cash as investors bail at record pace

Hedge funds expect more losses, betting on price declines for gold, copper, corn and natural gas
Tuesday, December 29, 2015 - 05:50

New York

INVESTORS can't seem to get away from non-energy commodities fast enough.

A record US$857 million was pulled this year from US exchange-traded funds (ETFs) backed by broad baskets of everything from grains to metals, according to data compiled by Bloomberg through Dec 23.

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