Commodity ETF Flows: Investors Pour $1.7 Billion Into Precious Metals

September 24, 2012

 

Precious metals ETPs, still benefiting from the Federal Reserve’s plan to implement a third round of quantitative easing, attracted $1.7 billion in the week ended Sept. 20, with SPDR Gold Shares (NYSEArca: GLD) leading the way, according to an article on Hard Assets Investor.

GLD gathered $910 million in new assets in the Thursday-to-Thursday period, followed by Market Vectors Gold Miners ETF (NYSEArca: GDX), which attracted $359 million, the article said.

The Market Vectors Oil Services ETF (NYSEArca: OIH) led in commodity outflows, shedding $129 million, according to HAI.

Metals also were the top performers during the week, led by iPath Pure Beta Lead ETN (NYSEArca: LEDD), which returned 11.23 percent.

Energy- and agriculture-focused products meanwhile moved down, with the iPath Global Carbon ETN (NYSEArca: GRN) becoming the week’s worst-performing commodity product, dropping 8.75 percent in the five-trading-day period, according to HAI.

To read the full story, visit HardAssetsInvestor.com.

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