(Bloomberg) -- Commodity investments are heading for record outflows driven by withdrawals from gold exchange- traded funds as some investors lost faith in the traditional store of value, according to Barclays Plc.

Assets under management declined $88 billion since the start of the year through last month, Barclays said in a report e-mailed today. Net outflows reached $36.3 billion, also set for a record decline, it said. Investments in precious metals slid 40 percent since 2012 to $119 billion.

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