Aneeka Gupta, associate director, equity and commodities, ETF Securities, writes that last week saw the industrial metal basket ETPs take the lion’s share of inflows, worth USD52.8 million extending last week’s trend of positive inflows.
Commodities & Resources
Aneeka Gupta, associate director, equity and commodities at ETF Securities, reports that last week saw gold ETPs take the lion’s share of inflows, garnering inflows worth USD122.7 million, marking its highest level in 33 weeks.
A new index for investors analyses a USD300 billion group of 60 global food companies and has found that the large majority of meat, fish and dairy suppliers are failing to manage critical business risks such as greenhouse gas emissions and antibiotics risk.
ETF Securities writes that long oil ETPs saw USD39.5 million in outflows as investors took profits on the 3.2 per cent rise in the oil price.
ETF Securities reports that last week saw USD6.7 million inflows into short USD long EUR ETPs as investors placed contrarian trades.
News this week has been dominated by the resurgence of commodities, particularly gold, and the continuing strength of the robotics sector – with ETF launches to match.
State Street Global Advisors’ SPDR ETFs has reported on European ETF flow data as of 20th April.
Joe Foster, Portfolio Manager and Strategist, VanEck, has written a note on the gold price, saying that lack of investor interest and misguided cost concerns have been fuelling underperformance in gold equity for some time.
VanEck Europe has listed the VanEck Vectors Global Mining UCITS ETF (GDIG) on the London Stock Exchange, which is designed to give European investors access to metal and mining industries around the world.
VanEck has launched the VanEck Vectors Real Asset Allocation ETF (NYSE Arca: RAAX), a fund that is designed to seek long-term total return from exposure to a range of real assets, including commodities and companies involved in natural resources, real estate, and infrastructure, while mitigating downside risk.