Commodity ETP Assets Rose to $189.5 Billion in Jan., SocGen Says
February 08, 2012, 5:20 AM ESTBy Maria Kolesnikova
Feb. 8 (Bloomberg) -- Commodity assets held in exchange- traded products rose to $189.5 billion in January after $2.7 billion in net inflows, Societe Generale SA said.
“Driven by increasingly dovish central banks, January inflows into precious metals fully compensated for outflows in December,” Hong Kong-based analyst Jeremy Friesen said in a report today.
Precious-metals assets in ETPs were at $158.1 billion after $1.85 inflows, while energy and base metals funds had their best net inflows in five months, according to the report.
To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net
