View more on these topics

Assets surge in gold and oil ETCs

Investors flocked to invest in gold and oil exchange-traded commodities (ETCs) during the first quarter, boosting ETF Securities’ assets under management by 44%.

The firm reported record inflows in long oil and gold ETCs as investors sought a hedge against inflation and to gain from a rising oil price.

ETF Securities said it saw inflows into its physically-backed gold ETC that were 3.7 times higher than the previous quarter, the largest quarterly increase on record.

Oil inflows also rose 2.6 times against the previous quarter. Assets under management at ETF Securities rose 44% to $10.1 billion (£6.83 billion).

The group also indicates that this may have been a wise move for investors, because commodities outperformed equities for the first three months of the year.

The DJ-AIG-F3 Commodities Index fell 4% while the FTSE 100 fell 10% and the MSCI World Index dropped 11%.

Precious metals were the best performers, with the DJ-AIG Precious Metals sub-index rising 7% followed by the DJ-AIG Industrial Metal sub-index up 5%.


Related Articles:
Managers turn to gold to protect their assets
Lyxor lists gold exchange traded note

Recommended

Realism for recovery

The financial sector has likely never been so loathed by so many – markets, politicians and consumers.

Incentive themes

This year’s Budget is bound to attract more attention than usual. All eyes will be on the size of the rabbits that the Chancellor is going to have to pull out of the hat in order to help move the economy out of recession.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com