Commodity assets at record $412 bn in March, Says Barclays
Commodity assets under management rose to a record $412 billion in March, led by the biggest ever jump for agriculture products, Barclays Capital said.
By Bloomberg | Updated:
LONDON: Commodity assets under management rose to a record $412 billion in March, led by the biggest ever jump for agriculture products, Barclays Capital said.
Investment flows into raw materials for the first quarter totaled $16.8 billion, with $7.1 billion added to agriculture and $6.8 billion to energy, Barclays analyst Roxana Mohammadian Molina said in a report. Precious metals got $300 million, the smallest ever, Barclays said.
Commodities represented by the Standard & Poor's GSCI Total Return Index of 24 raw materials climbed 4.4% in March, trading at a two-year high, led by gains in cotton, energy, silver, live cattle and corn.
"This is precisely the time to hold on to your commodity portfolios," Molina said by phone from London.
Investment flows into raw materials for the first quarter totaled $16.8 billion, with $7.1 billion added to agriculture and $6.8 billion to energy, Barclays analyst Roxana Mohammadian Molina said in a report. Precious metals got $300 million, the smallest ever, Barclays said.
Commodities represented by the Standard & Poor's GSCI Total Return Index of 24 raw materials climbed 4.4% in March, trading at a two-year high, led by gains in cotton, energy, silver, live cattle and corn.
"This is precisely the time to hold on to your commodity portfolios," Molina said by phone from London.
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