Money Flows Into Commodities as Growth Fears Start to Ease
- Traders jump into exchange-traded funds over past three weeks
- Open interest in raw-material markets at $1.31 trillion: JPM
Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.
Photographer: Chalinee Thirasupa/BloombergThis article is for subscribers only.
Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.
More than $350 million was put into 20 ETFs that track broad-based commodity indexes in July, only the second month of inflows this year, according to data compiled by Bloomberg. That follows four months of withdrawals.