2013’s commodity exodus to continue

Commodity assets face a record decline in value this year, as more than $88 billion had left the securities by November, reports the Globe and Mail, citing Barclays figures.

Read: Equities to outshine gold in 2014

The drop is due to both investors withdrawing from the assets and dropping commodity prices, especially for gold.

Investors have withdrawn a net $36.3 billion so far this year. In total, commodities assets under management have gone from $420-billion at the beginning of 2013 to $332-billion at the end of November, according to Barclays.

The bank predicts 2014 will also be difficult for commodities.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.