Investors are shifting their money to commodities, Reuters reports. As per fund flows tracker EPFR Global, commodity funds have gathered $1.465 billion in assets in the first two weeks of July 2011.
Commodities posted more than 3% portfolio gain in a week, while 17 other equity and sector fund groups tracked by EPFR Global faced a downturn. Investors removed about $3.9 billion from commodities in the second quarter of 2011, according to Barclays Capital.
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