Jan 11 (Reuters) - Total global commodity assets under management
(AUM) were valued at $311 billion in December, up $3.1 billion from
November and $45 billion from a year earlier, according to Barclays.
Commodity prices gained from economic growth, supply disruptions
and increased geopolitical risk in 2017, which helped push investor
AUM to multi-year highs, the bank said in a note.
Precious metals accounted for over 40 percent of the AUM at $131
billion, followed by energy at $97 billion, the note said.
"The markets closed out 2017 on a strong note, as commodities from
energy to metals surged into year-end."
December saw an inflow of $3.4 billion in commodity investment
compared with an outflow of $3.3 billion in November. Total investment
in energy was $1.4 billion, followed by agriculture at $900 million
and precious and base metals at $500 million each.
"The global economic outlook for 2018 remains robust, which should
lend support to the broader commodity complex, but idiosyncratic
factors could cause commodities such as oil and copper to weaken from
current levels," analysts at the bank said.
Following is a breakdown of AUM in commodities in billions of
dollars, according to Barclays:
Dec-17 Nov-17 Oct-17 Q4 17 Q3 17
Total Commodity AUM 311 308 307 311 307
Precious Metals 131 133 132 131 136
Base Metals 31 29 30 31 29
Agriculture 52 52 52 52 52
Energy 97 94 92 97 90
Dec-17 Nov-17 Oct-17 Q4 17 Q3 17
Total Commodity AUM 311 308 307 311 307
Exchange-traded products 148 151 150 148 152
Estimate of index swap 156 149 150 156 148
Medium-term notes 6.8 6.9 7.0 6.8 7.1
(Reporting by Apeksha Nair in Bengaluru; Editing by Mark Potter)
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