The Weekly Flows Analysis from ETF Securities shows that long oil ETP inflows are at a 17 month year high with investors injecting USD113 million, suggesting they expect the current price weakness to be temporary.
ETF Securities also predicts, post the bank rate cut and expansion of the stimulus package by another GBP170 billion, Sterling is likely to remain weak for a while yet. The beneficiarites are ETFs and ETPs investing in gold, robotics and cybersecurity, the firm writes.
