Bloomberg News

Commodity ETP Assets Climbed to Record, ETF Securities Says

October 28, 2011

Oct. 28 (Bloomberg) -- Assets in exchange-traded products linked to commodities rose to a record $178.2 billion last quarter as funds flowing into gold outweighed reductions in energy and agriculture, ETF Securities LLC said.

Gold assets under management rose $13.7 billion to $121.7 billion as investors shunned riskier holdings amid signs of slowing global growth and mounting concerns that Europe’s debt crisis would worsen, ETF said in a report today. The figures reflect a combination of price gains and investor inflows, ETF said.

--Editors: Millie Munshi, Daniel Enoch

To contact the reporter on this story: Joe Richter in Washington at jrichter1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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