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Commodity ETP Assets Increase 17% to $199.8 Billion in 2012

Assets in global exchange-traded products tracking commodities rose 17 percent to $199.8 billion at the end of 2012, driven by an increase in gold investments, according to ETF Securities Ltd.

The assets rose by $29.1 billion from $170.7 billion a year earlier, ETF Securities said today in an e-mailed report. Assets in gold ETPs rose to $146.6 billion from $122.5 billion, the report said.

The rise in assets was “primarily driven by strong investor demand for gold and silver ETPs to hedge against currency debasement,” Nicholas Brooks, the head of research and investment strategy at ETF Securities, said in the report. “Broad commodity, oil and industrial-metal ETPs, particularly copper, also saw a pick-up in demand as central-bank policies and improved U.S. and China data helped boost interest in more cyclical assets in the latter part of the year.”

Assets in industrial metals totaled $1.94 billion at the end of December, up from $1.56 billion a year earlier, while those tracking agriculture, excluding livestock, were $3.61 billion, down from $4.39 billion, the report said.

To contact the reporter on this story: Debarati Roy in New York at droy5@bloomberg.net

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

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