ETFs & Mutual Funds

Investors Rip $11 Billion From Commodity ETFs in Record Exodus

Commodities markets have been upended since the US and Israel started attacking Iran on Feb. 28.

Photographer: Atta Kenare/AFP/Getty Images

Exchange-traded fund investors have been pulling money out of commodities products at the fastest clip on record as the conflict in the Middle East continues to rattle markets.

Roughly $11 billion has been yanked from roughly 100 ETFs spanning precious metals and broad commodity funds. While March is not over yet, the amount marks the largest monthly withdrawal, according to Bloomberg Intelligence data going back to at least 2005.