Reuters reports that investors who had fled agricultural
commodity funds for more than a year rushed back in droves last month as the
worst U.S. drought in more than half a century caused prices to surge, data
from fund tracker Lipper showed on Friday.
Exchange-traded funds and other security products that track
agriculture-focused futures or indexes recorded an inflow of just below $110
million in July, the highest since March 2011, according to the data. Flows
turned positive in June, ending a 14-month streak in which investors slashed
bets by billions….
No comments:
Post a Comment