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by Sumit Roy

Investors sell their energy and precious metals funds as year-end approaches.

Investors took out a whopping $1.3 billion from commodity-related exchange-traded commodity products this week. Each of the five sectors saw outflows, but energy fared the worst, as investors took out $821 million. Precious metals, broad market (multicommodity), agriculture and industrial metals ETPs saw smaller outflows - $372 million, $72 million, $70 million and $14 million, respectively.

Assets under management in commodity-related exchange-traded products now total $122.2 billion, down 1.1 percent from the prior week.

ETP Inflows / Outflows

Despite the dismal week for overall flows, a handful of funds managed to attract investor capital.

Alerian MLP (NYSE: AMLP), ETRACS Alerian MLP Infrastructure ETN (NYSE: MLPI), Credit Suisse Cushing 30 MLP ETN (NYSE: MLPN), Direxion Daily Gold Miners Bull 3x (NYSEARCA:NUGT) and iShares North American Natural Resources Fund (NYSE: IGE) saw inflows of $34 million, $29 million, $28 million, $25 million and $21 million, respectively.

On the flip side, a number of ETPs saw significant investor withdrawals.

Energy Select Sector SPDR Fund (NYSE: XLE), United States Oil Fund (NYSE: USO), SPDR Gold Trust (NYSE: GLD), Market Vectors Oil Services ETF (NYSE: OIH) and iShares Gold Trust (NYSE: IAU) had outflows of $518 million, $174 million, $174 million, $115 million and $100 million, respectively.

ETP Performance

While the flows data was unambiguously downbeat this week, the performance side wasn't nearly as bad, with several funds seeing substantial gains.

iPath Dow Jones-UBS Tin Total Return ETN (NYSE: JJT) took the No. 1 spot with a 10.5 percent rally.

At the same time, PureFunds ISE Mining Service ETF (NYSE: MSXX), SPDR S&P International Energy ETF (NYSE: IPW), PowerShares DB Commodity Long ETN (NYSE: DPU) and iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSE: GAZ) gained 6.3 percent, 5.1 percent, 5.1 percent, and 4.7 percent, respectively.

On the other end of the spectrum, ETRACS CMCI Livestock Total Return ETN (NYSE: UBC), PowerShares DB Crude Oil Long ETN (NYSE: OLO), Teucrium Agricultural ETF (NYSE: TAGS), PowerShares DB Base Metals Long ETN (NYSE: BDG) and ETRACS CMCI Silver Total Return ETN (NYSE: USV) fell by 8.1 percent, 7 percent, 4.4 percent, 4.1 percent and 3.4 percent, respectively.

Fund Flows Data: (December 20 - 26, 2013)

Commodity ETF Weekly Flows By Sector

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture -70.06 9,201.05 -0.76%
Broad Market -72.00 12,909.89 -0.56%
Energy -821.07 41,964.65 -1.96%
Industrial Metals -14.34 1,200.48 -1.19%
Precious Metals -371.76 56,962.41 -0.65%
Total: -1,349.23 122,238.49 -1.10%

Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
AMLP Alerian MLP 34.09 7,445.10 0.46%
MLPI ETRACS Alerian MLP Infrastructure ETN 28.61 1,548.47 1.88%
MLPN Credit Suisse Cushing 30 MLP ETN 28.19 677.88 4.34%
NUGT Direxion Daily Gold Miners Bull 3X 25.06 667.83 3.90%
IGE iShares North American Natural Resources 21.39 2,200.98 0.98%

Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XLE Energy Select SPDR -518.35 7,877.62 -6.17%
USO United States Oil -174.07 548.84 -24.08%
GLD SPDR Gold -173.98 30,926.21 -0.56%
OIH Market Vectors Oil Services -114.67 1,493.38 -7.13%
IAU iShares Gold Trust -99.77 6,315.97 -1.56%

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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
JJT iPath Dow Jones-UBS Tin Total Return ETN 10.46% 9,480 6.43
MSXX PureFunds ISE Mining Service 6.25% 18,104 0.77
IPW SPDR S&P International Energy 5.08% 4,783 12.78
DPU PowerShares DB Commodity Long ETN 5.05% 13,330 2.37
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 4.67% 436,576 39.08

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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
UBC ETRACS CMCI Livestock Total Return ETN -8.12% 1,649 4.17
OLO PowerShares DB Crude Oil Long ETN -7.03% 1,475 6.85
TAGS Teucrium Agricultural -4.37% 18,907 1.91
BDG PowerShares DB Base Metals Long ETN -4.06% 2,000 1.12
USV ETRACS CMCI Silver Total Return ETN -3.42% 23,858 10.76

Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
Weekly Volume % of Average
CRBQ Jefferies TR/J CRB Global Commodity Equity 11,847 225,159 380.10%
USCI United States Commodity 127,071 1,619,210 254.85%
DJCI ETRACS DJ-Commodity Total Return ETN 9,580 105,605 220.46%
AGOL ETFS Physical Asian Gold 258 2,834 219.80%
MLPN Credit Suisse Cushing 30 MLP ETN 102,433 1,121,263 218.93%

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 ETPs See Huge Outflow, Led By Energy & Precious Metals