You are here

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

In markets like coal, iron ore, copper and oil, surging output has put commodity producers in price wars that show now signs of easing, BOA analysts led by Francisco Blanch said in a March 19 report.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to