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By Hannah Tool

Commodity exchange-traded products added nearly $800 million in the shortened week ending Wednesday, July 3, with the majority of inflows attributable to the energy sector. The SPDR Gold ETF (GLD) suffered outflows, however, dropping below $40 billion in total assets. Energy funds piled on $733 million, and precious metals snagged $193 million despite GLD's losses.

Broad market (multicommodity) funds shed $78 million overall, agriculture lost $27 million, and industrial metal funds saw outflows of $25 million. Exchange-traded products (ETPs) include exchange-traded funds (ETFs), exchange-traded vehicles (ETVs), and exchange-traded notes (ETNs).

ETP Inflows/Outflows

Unsurprisingly, top inflows were primarily energy and precious metals funds. The largest gainer was an energy fund, the Energy Select SPDR ETF (XLE), which grabbed $340 million; Market Vectors Gold Miners (GDX), which scooped up $260 million; Market Vectors Oil Services (OIH), which gathered $155 million; iShares Dow Jones U.S. Energy (IYE), which added $92 million; and the Alerian MLP fund (AMLP), which grabbed $87 million in assets.

GLD led losses for yet another week, dropping $193 million; United States Oil (USO) shed $155 million; PowerShares DB Commodity Tracking (DBC) lost $46 million; SPDR S&P Metals and Mining (XME) saw outflows of $42 million; and the ProShares UltraShort Silver fund (ZSL) dropped $38 million.

ETP Performance

Precious metals funds outperformed their peers, with the Global X Gold Explorers (GLDX) leading the way with a 13.02% spike; Global X Silver Miners (SIL) jumped 11.14%; iShares MSCI Global Silver Miners (SLVP) rose 10.02%; Market Vectors Junior Gold Miners (GDXJ) added on 9.53%; and GDX, which also landed on the week’s top inflows list, increased by 8.82%.

A mixed bag of funds underperformed, led by Teucrium Corn (CORN), which sank 6.70%; United States Metals (USMI) fell 6.07%; iPath Dow Jones-UBS Sugar Total Return ETN (SGG) dropped 5.49%; iPath Pure Beta Sugar ETN (SGAR) decreased by 5.37%; and the ETFS Physical Asian Gold fund (AGOL) underperformed by 5.01%.

Fund Flows Data: (June 27-July 3, 2013)

Commodity ETF Weekly Flows by Sector

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture -26.62 9,381.04 -0.28%
Broad Market -78.34 12,777.40 -0.61%
Energy 732.83 38,642.78 1.90%
Industrial Metals -24.82 1,295.89 -1.92%
Precious Metals 192.58 65,076.65 0.30%
Total: 795.64 127,173.76 0.63%

Top Five Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XLE Energy Select SPDR 340.14 8,075.01 4.40%
GDX Market Vectors Gold Miners 259.26 5,825.22 4.66%
OIH Market Vectors Oil Services 155.34 1,635.66 10.49%
IYE iShares Dow Jones U.S. Energy 92.13 1,346.70 7.34%
AMLP Alerian MLP 86.66 6,559.82 1.34%

Top Five Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GLD SPDR Gold -193.28 38,750.17 -0.50%
USO United States Oil -154.61 770.89 -16.71%
DBC PowerShares DB Commodity Tracking -45.57 6,194.14 -0.73%
XME SPDR S&P Metals and Mining -41.59 573.29 -6.76%
ZSL ProShares UltraShort Silver -37.69 77.77 -32.64%

Top Five Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GLDX Global X Gold Explorers 13.02% 292,782 24.72
SIL Global X Silver Miners 11.14% 1,153,860 182.59
SLVP iShares MSCI Global Silver Miners 10.02% 57,423 4.55
GDXJ Market Vectors Junior Gold Miners 9.53% 8,870,199 1,211.01
GDX Market Vectors Gold Miners 8.82% 213,193,467 5,825.22

Bottom Five Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
CORN Teucrium Corn -6.70% 548,986 38.15
USMI United States Metals -6.07% 4,200 2.15
SGG iPath Dow Jones-UBS Sugar Total Return ETN -5.49% 50,228 28.10
SGAR iPath Pure Beta Sugar ETN -5.37% 3,500 2.26
AGOL ETFS Physical Asian Gold -5.01% 2,869 61.90

Top Five Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
Weekly Volume % of Average
FXN First Trust Energy AlphaDEX 106,865 1,637,939 306.54%
IYE iShares Dow Jones U.S. Energy 496,027 6,252,781 252.11%
GLTR ETFS Physical Precious Metal Basket Shares 23,466 285,631 243.45%
DGZ PowerShares DB Gold Short ETN 302,644 3,306,155 218.48%
DGP PowerShares DB Gold Double Long ETN 401,826 4,015,448 199.86%

Disclaimer: Data provided by IndexUniverse. All data as of 6 a.m. ET July 5, 2013. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Source: Commodity ETF Flows: Energy Funds Fuel Inflows, GLD Slips Below $40 Billion In AUM