A Goldman Sachs research note advising investors to take profits in commodities will not have a significant impact on exchange-traded product flows, ETF Securities says.
Goldman analysts published the note earlier this week, arguing the commodities run may be over and claiming the risks of investing in resources such as oil and copper now outweigh the potential benefits. A number of US-based ETPs fell in apparent response to the news, but ETFS does not expect investors to start moving out of commodities. Neil Jamieson, ETFS director of third party distribution, says: "There is an immediate reaction that lasts for maybe a day or two, but I think that is very much a short-term effect." ETFS head of research and investment strategy Nick Brooks adds: "The...
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