Express News | Commodity ETFs attract $970 million, bulls are not afraid of sticky inflation
Concerns about the recession have been mitigated, and traders pour into commodity ETFs
The Zhitong Finance app learned that traders are pouring into exchange-traded funds (ETFs) covering everything from oil to metals and grains. Investors are betting that although interest rates are expected to continue to rise, the global economy will avoid a painful recession. According to data compiled by Bloomberg, more than $350 million was invested in 20 ETFs tracking a wide range of commodity indices in July. This is the second net capital inflow month this year. There was an outflow of funds over the previous four months. Ryan Fitzmaurice, chief index trader at Marex Group Plc, said: “Due to expectations of recession and inflation
The cycle is booming. The coal ETF is the first ETF to double as an adult. Relevant researchers will be hard to find
Even fund managers who do a good job in the cycle don't want to be given a “cyclical person” because “the cycle sounds like a long time to wait,” and no investor is willing to hand over money to fund managers who have been waiting a long time. It is worth noting that the steel, coal, and non-ferrous metals industries were abandoned by the market in previous years, and corresponding cyclical industry researchers and fund managers were also snubbed by the market.
Express News | China IoT: After three consecutive declines, China's commodity index was 100.1% in July
Inflation trading is hot! Coloured and black futures have surged across the board! Iron ore rebar rose and stopped, Shanghai copper hit a 16-year high
Non-ferrous and black futures soared across the board, iron ore and rebar rose and stopped, and major coking coal futures contracts rose more than 7%. In early trading of A-shares today, the steel sector opened sharply higher, and iron ore concept stocks rose collectively. Shanghai Copper hit a 16-year high, and Shanghai Aluminum hit a 13-year high.