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By Hannah Tool

Gold fund GLD was the biggest commodity ETF weekly loser, while precious metals mining funds shined in performance.

The SPDR Gold fund (GLD) sloughed off $240 million in assets under management in the week ending Thursday, Oct. 24, leading losses for commodity ETPs and fueling outflows from the precious metals sector.

Precious metals funds shed $277 million in AUM and broad market (multicommodity) lost $6.6 million.

Agriculture meanwhile pulled in $33 million, industrial metals snagged $15 million and energy grabbed $10 million.

Commodity ETPs include exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded vehicles (ETVs).

ETP Inflows/Outflows

Energy ETPs won over inflows and the United States Oil fund (USO) led the way with $130 million in new investment capital; Guggenheim Solar (TAN) gained $89 million; United States Natural Gas (UNG) pulled in $78 million; Alerian MLP (AMLP) added $51 million; and the iShares U.S. Energy fund (IYE) had net gains of $49 million.

In addition to the biggest loser, the SPDR Gold ETF (GLD), which shed $240 million, energy ETPs coupled their gains with notable losses, as the Market Vectors Oil Services fund (OIH) shoved off $164 million; Energy Select SPDR (XLE) retreated $150 million; SPDR S&P Oil & Gas Exploration & Production (XOP) saw outflows of $87 million; and net losses for the ProShares UltraShort DJ-UBS Crude Oil fund (SCO) totaled $62 million.

ETP Performance

Silver and gold miners blew their peers out of the water with a performance rally this week, led by the PureFunds ISE Junior Silver (Small Cap Miners/Explorers) fund (SILJ) spiking 11.74 percent; Market Vectors Junior Gold Miners (GDXJ) jumping 11.46 percent; Global X Gold Explorers (GLDX) growing 11.00 percent; iShares MSCI Global Gold Miners (RING) rising 8.66 percent; and the Global X PURE Gold Miners fund (GGGG) boosting 8.56 percent.

The iPath Global Carbon ETN (GRN) retreated 14.39 percent and the iPath Dow Jones-UBS Natural Gas Total Return ETN (GAZ) slid 5.92 percent, although idiosyncrasies in structure and liquidity of the funds often push them to lead gains or losses in performance. Meanwhile, oil lagged, with the iPath S&P GSCI Crude Oil Total Return ETN (OIL) sliding 5.91 percent; United States Oil (USO) sinking 5.50 percent; and the United States Gasoline fund (UGA) underperforming by 5.42 percent.

Fund Flows Data: (October 18 - 24, 2013)

Commodity ETF Weekly Flows By Sector

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture 32.63 9,519.83 0.34%
Broad Market -6.60 13,121.14 -0.05%
Energy 10.29 42,300.28 0.02%
Industrial Metals 15.30 1,392.88 1.10%
Precious Metals -276.72 68,673.35 -0.40%
Total: -225.10 135,007.48 -0.17%

Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
USO United States Oil 130.30 903.11 16.86%
TAN Guggenheim Solar 89.24 418.82 27.08%
UNG United States Natural Gas 77.73 890.23 9.57%
AMLP Alerian MLP 50.68 7,239.23 0.71%
IYE iShares U.S. Energy 49.04 1,653.50 3.06%

Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GLD SPDR Gold -239.90 37,885.53 -0.63%
OIH Market Vectors Oil Services -164.02 1,581.73 -9.40%
XLE Energy Select SPDR -149.58 7,995.03 -1.84%
XOP SPDR S&P Oil & Gas Exploration & Production -87.19 1,068.90 -7.54%
SCO ProShares UltraShort DJ-UBS Crude Oil -62.46 365.97 -14.58%

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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 11.74% 8,051 1.83
GDXJ Market Vectors Junior Gold Miners 11.46% 6,220,010 1,438.07
GLDX Global X Gold Explorers 11.00% 196,749 31.50
RING iShares MSCI Global Gold Miners 8.66% 242,210 37.64
GGGG Global X PURE Gold Miners 8.56% 31,573 3.75

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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GRN iPath Global Carbon ETN -14.39% 26,500 1.64
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -5.92% 287,300 32.55
OIL iPath S&P GSCI Crude Oil Total Return ETN -5.91% 1,688,643 331.69
USO United States Oil -5.50% 37,356,789 903.11
UGA United States Gasoline -5.42% 188,051 52.48

Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
Weekly Volume % of Average
PZD PowerShares Cleantech 5,389 69,572 258.21%
TAN Guggenheim Solar 582,777 6,060,986 208.00%
QCLN First Trust NASDAQ Clean Edge Green Energy 54,121 514,915 190.28%
PXJ PowerShares Dynamic Oil & Gas Services 16,624 157,375 189.34%
OIH Market Vectors Oil Services 3,527,890 31,190,794 176.82%

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: GLD Drops $240 Million, But Mining ETFs Outperform