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By Hannah Tool

The Market Vectors Gold Miners ETF (GDX) outshined all other commodity ETPs in both inflows and performance in the week ending Thursday, Sept. 19, as overall net inflows pushed commodity ETFs up nearly 1% in total assets with a gain of $1.31 billion. Inflows by sector were led by precious metals, which yanked in $861 million, followed by energy piling on $549 million.

However, all other sectors saw net outflows, with broad market (multicommodity) losing $81 million; agriculture shedding $19 million and industrial metals coming up $3.36 million short. Commodity ETPs include exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded vehicles (ETVs).

ETF Inflows/Outflows

It’s no surprise that funds from the precious metals and energy sectors monopolized the biggest gainers list, led by massive inflows into GDX, which piled on $1.31 billion and increased AUM by just under 15%, while Energy Select SPDR (XLE) scooped up $364 million, SPDR S&P Oil & Gas Exploration & Production (XOP) brought in $164 million, iShares U.S. Energy (IYE) grabbed $52 million, and the iShares Silver Trust (SLV) saw net inflows of $32 million.

Despite precious metals and energy raking in assets, the biggest asset bleeders of the week also belonged to those sectors, led once again by the SPDR Gold ETF (GLD), which shed $202 million, followed by SPDR S&P Metals and Mining (XME) losing $76 million; United States Natural Gas (UNG) pushing out $41 million; Market Vectors Oil Services (OIH) dropping $28 million; and the VelocityShares 3X Long Natural Gas ETN (UGAZ) seeing outflows of $21 million.

ETP Performance

Miners rallied from last week’s performance losses, led by the biggest commodity asset gainer, GDX, which tagged on 8.25%, as PureFunds ISE Junior Silver (Small Cap Miners/Explorers) (SILJ) jumped 8%; Global X PURE Gold Miners (GGGG) grew 7.96%; iShares MSCI Global Gold Miners (RING) rallied 7.77%; and the PowerShares Global Gold and Precious Metals fund (PSAU) increased 7.45% .

A mixed bag of ETPs underperformed, led by the iPath Global Carbon ETN (GRN) sinking 4.51%; iPath Dow Jones-UBS Coffee Total Return ETN (JO) retreating 4.28%; United States Diesel-Heating Oil (UHN) losing 3.57%; iPath Pure Beta Grains ETN (WEET) sliding 2.70%; and the United States Gasoline fund (UGA) rolling back 2.67%.

Fund Flows Data: (Sept. 13-19, 2013)

Commodity ETF Weekly Flows By Sector

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture -19.34 9,524.62 -0.20%
Broad Market -81.23 13,702.09 -0.59%
Energy 549.24 41,885.65 1.31%
Industrial Metals -3.36 1,376.09 -0.24%
Precious Metals 860.84 71,866.24 1.20%
Total: 1,306.15 138,354.69 0.94%


Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GDX Market Vectors Gold Miners 1,030.18 7,900.74 14.99%
XLE Energy Select SPDR 363.48 8,528.41 4.45%
XOP SPDR S&P Oil & Gas Exploration & Production 163.82 940.77 21.08%
IYE iShares U.S. Energy 52.42 1,553.01 3.49%
SLV iShares Silver Trust 31.53 7,838.31 0.40%


Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GLD SPDR Gold -201.89 40,027.93 -0.50%
XME SPDR S&P Metals and Mining -76.05 590.43 -11.41%
UNG United States Natural Gas -41.12 953.69 -4.13%
OIH Market Vectors Oil Services -27.92 1,717.23 -1.60%
UGAZ VelocityShares 3X Long Natural Gas ETN -20.68 122.08 -14.49%


Top 5 Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GDX Market Vectors Gold Miners 8.25% 313,652,499 7,900.74
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 8.00% 84,703 1.92
GGGG Global X PURE Gold Miners 7.96% 309,603 3.87
RING iShares MSCI Global Gold Miners 7.77% 344,241 38.69
PSAU PowerShares Global Gold and Precious Metals 7.45% 720,231 21.14


Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GRN iPath Global Carbon ETN -4.51% 120,139 1.16
JO iPath Dow Jones-UBS Coffee Total Return ETN -4.28% 587,331 98.33
UHN United States Diesel-Heating Oil -3.57% 34,271 6.52
WEET iPath Pure Beta Grains ETN -2.70% 1,850 3.10
UGA United States Gasoline -2.67% 110,117 51.57


Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
Weekly Volume % of Average
(MLPN) Credit Suisse Cushing 30 MLP ETN 182,132 3,013,501 330.91%
(AGOL) ETFS Physical Asian Gold 1,244 20,285 326.23%
(MLPL) ETRACS 2X Monthly Leveraged Long Alerian MLP Infrastructure ETN 82,881 1,214,307 293.02%
(ZSL) ProShares UltraShort Silver 512,693 6,639,647 259.01%
(AMJ) JPMorgan Alerian MLP ETN 855,046 10,790,871 252.40%

Disclaimer: Data provided by IndexUniverse. All data as of 6 a.m. Eastern the date of publication. 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: GDX Rakes In $1.03 Billion, Rallies 8.25%