Exchange-traded products (ETPs) based on copper have seen high inflows, while gold ETPs have experienced outflows as sovereign risk fears in Europe abate, according to ETF Securities (ETFS).
The firm says ETFS Copper had record inflows of $29m last week, fuelled by fresh optimism on the state of the Eurozone financial system, along with positive corporate earnings. ETFS Copper is an exchange-traded commodity (ETC) tracking the DJ-UBS Copper sub-index, on a total return basis. The ETC is a debt security, which gains commodity exposure via third-party commodity contract issuers, whose obligations are secured with collateral covering 100% of the outstanding value. ETFS says investors are seeking exposure to cyclically-linked investments as confidence in a global economic rec...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
