Appetite for precious metals ETPs weakens

As of the end of July, US$142bn of the total $431bn commodity AUM was invested in precious metal ETPs which means so far this year, despite the sheer number of potentially damaging risks affecting the economy, commodity-linked ETPs (notably precious metals) have seen weak inflows. In the year to end of July, commodity ETPs received $7.8bn of inflows, down from $11bn over the same period the year before and down by as much as $31bn over the same period in 2009. What's more, reports BarCap in its latest Commodity Briefing, inflows into precious metals-linked ETPs have shrunk by two-thir...