Raw-Material Resurgence Following Record Exit From Funds
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Investors are being lured back to commodities after war and drought helped make raw materials the surprise best-performing major asset class in the first half.
About $5.9 billion was added to raw materials investments this year, compared with a record $50 billion withdrawn in 2013, Citigroup Inc. estimates. Assets under management of about $360 billion at the end of last year rose to $365 billion through May and probably increased again in June, the bank said yesterday.