Commodity investment grew $4.8 billion in June -BarCap
July 20 |
July 20 (Reuters) - Investment bank Barclays Capital said on Friday net investment inflows into commodities rebounded in June to $4.8 billion, from net outflows of $9.1 billion in May, as investors returned following a slump in commodity prices.
"A modest rebound in June came too late to stop Q2 registering as the worst ever for commodity investment flows with a net outflow of $5.3 billion" in the quarter, the bank said in a note.
The investment bank said commodities assets under management dropped to $404 billion in the second quarter through June, down $31 billion from the first quarter of 2012. (Reporting by Naveen Arul in Bangalore)
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