Investors Flock to Commodity ETFs as Iran War Fuels Energy Inflation

Investors are pouring money into commodities funds as the US-Iran war stokes inflation, according to Invesco Ltd.

Traders last week added almost $86 million to the Invesco DB Commodity Index Tracking Fund — a cross-commodities exchange-traded fund with a heavy weighting toward energy — in the largest daily inflow since 2022, according to data compiled by Bloomberg. The move is part of a broader surge into commodity-linked products over the past week, echoing the wave of inflows that followed Russia’s invasion of Ukraine four years ago and the ensuing spike in oil and natural gas prices.