Barclays says total commodity AUM grew 3.7 percent in August

Reuters

Oct 1 (Reuters) - Total global commodity assets undermanagement rose $13 billion to $363 billion in August, 3.71percent higher than in July, Barclays Plc's BarclaysCapital said on Tuesday.

The investment bank said that a combination of priceappreciation and small net inflows raised the value of commodityassets in August.

Energy was the largest recipient of new investments with anet inflow of $1 billion, it said.

Agriculture recorded its first positive month since March,with new investments worth about $400 million, the bank said.

Industrial metals attracted $200 million, while preciousmetals was the only negative sector overall with an outflow of$300 million.

Commodity index-linked assets under management, includingexchange traded products and medium term note index products,jumped to $217 billion in August, the most since March 2013,propped by price appreciation and a rebound in index swapinvestments, it said.

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