Energy sector drives commodity ETPs higher

Oil pumps
Energy sector boosts attraction of commodity ETP

Commodity-based exchange-traded products (ETPs) attracted $3.8 billion globally in February, led by precious metals inflows of $2.3 billion, while rising oil prices boosted the sale of ETPs based on energy, which saw inflows totalling $2.2 billion, according to a Blackrock report. Nizam Hamid, head of exchange-traded funds (ETF) strategy at ETF provider Lyxor in London, says: "The key trend since the beginning of this year has been the energy sector, driven by the oil price. However, exposure