Fund firms are joining exchange-traded fund providers in the fray, with launches from Direxion Funds and Morgan Stanley Investment Management. ProFunds has filed for a suite of commodities ETFs it plans to launch in August. So far, 25 commodities ETFs have launched this year, according to Matt Hougan, editor of IndexUniverse.
Commodities funds have experienced $103 million in net flows the past three months and $480 million year-to-date. Investors pulled $1.85 billion from commodities funds in 2007, according to figures from Morningstar.
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