No end in sight for exodus out of commodity funds
Many markets are oversupplied; growth in China and EMs not fast enough to create demand
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
INVESTORS are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending.
US exchange-traded funds linked to broad baskets of raw materials saw a net outflow of US$1.23 billion over the first three months of the year, the most of any quarter since the securities were created in 2006, data compiled by Bloomberg show.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
