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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

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.