Biggest Broad Commodity Fund Attracts Most Inflows in 3 Years
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A rip-roaring rally in raw materials, especially metals, sent investors piling into the largest U.S. multicommodity exchange-traded product.
The PowerShares DB Commodity Index Tracking Fund, ticker DBC, attracted more than $128 million in inflows last week, a period during which it gained 1.6 percent. That’s the highest weekly inflow for the fund since October 2014, a month before OPEC pulled the rug out from under crude prices by failing to agree to production curbs.