According to the Australian Securities Exchange (ASX) figures, money is moving out of listed managed investment into exchange-traded commodities and funds, Financial Standard reports. The ASX listed managed investments (LMI) monthly update for last month showed listed investment companies, infrastructure funds and absolute return funds were the big losers with capital outflows. The listed absolute return funds faced 19.1% reduction in total market capitalization, while listed infrastructure funds dropped by 15.2%. The data by ASX also showed that exchange-traded commodities increased their July 2010 market capitalization of $616 million to $731 million in July this year.
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