LONDON (Scrap Register): Global assets under management (AUM) in commodities, including precious metals, fell in 2018 largely due to lower prices, said Barclays in a snippet.
AUM declined to $282 billion from $310 billion at the end of 2017, even though investment flows were a positive $2.2 billion for 2018, the bank reports. AUM in precious metals fell $3.2 billion to $128 billion in 2018.
AUM for industrial metals and energy assets also fell, although agriculture bucked the trend and AUM increased slightly, Barclays added.
“These changes came amid [a] generally weak commodity price performance,” the British bank continued, noting that the Bloomberg Commodity Index fell by 13% in 2018.