By Hannah Tool
Commodity related exchange-traded product flows were positive this week, but sector performance varied significantly. In aggregate, commodity ETPs added $346 million, taking their total assets under management to $123.3 billion.
The sector-by-sector flows breakdown showed big gains in precious metals ($337 million) and energy ($274 million), but outflows in broad market ($134 million), agriculture ($104 million) and industrial metals ($26 million) products.
Commodity ETPs include exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded vehicles (ETVs).
In terms of inflow performance, energy names fared the best and worst. iShares U.S. Energy Fund (NYSEARCA:IYE) took the top spot with a $258 million inflow, while SPDR Gold Trust (NYSEARCA:GLD) followed with a $157 million gain. Rounding out the inflows list were Market Vectors Oil Services ETF (NYSEARCA:OIH) with an increase of $134 million; United States Oil Fund (NYSEARCA:USO) with a $126 million inflow; and Market Vector Gold Miners Fund (NYSEARCA:GDX), which garnered $122 million.
On the outflow side, two energy funds were big losers: Energy Select Sector SPDR Fund (NYSEARCA:XLE) lost $212 million, while the United States Natural Gas Fund (NYSEARCA:UNG) shed $130 million. Following suit were the Market Vectors Agribusiness ETF (NYSEARCA:MOO) with an outflow of $116 million; PowerShares DB Commodity Tracking ETF (NYSEARCA:DBC), which lost $60 million; and iShares North American Natural Resources Fund (NYSEARCA:IGE), which had a $52 million outflow.
In terms of price performance, soft commodity funds were the big winners this week. iPath Dow Jones-UBS Coffee Total Return ETN (NYSEARCA:JO) took the No. 1 position with a 24 percent increase. Next was the iPath Dow Jones-UBS Softs Total Return ETN (NYSEARCA:JJS), which rallied by 11.9 percent.
iPath Global Carbon ETN (NYSEARCA:GRN) was not far behind with a 11.8 percent advance, while iPath Pure Beta Softs ETN (NYSEARCA:GRWN) gained 11 percent, and iPath Dow Jones-UBS Sugar Total Return ETN (NYSEARCA:SGG) advanced 9.8 percent.
On the downside, natural gas funds were the biggest losers. The iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEARCA:GAZ) fell by 9.8 percent, while the United States Natural Gas Fund lost 8 percent. Rounding out the list of worst performers were Global X Uranium (NYSEARCA:URA), which shed 5.3 percent; First Trust ISE Global Platinum (NASDAQ:PLTM), which fell by 4.5 percent; and Global X China Energy (NYSEARCA:CHIE), which declined 4 percent.
Fund Flows Data: (January 31 - February 06, 2014)
Commodity ETF Weekly Flows By Sector
|% of AUM|
Top 5 Commodity ETF Creations
|AUM % Change|
|IYE||iShares U.S. Energy||257.91||1,821.96||16.49%|
|OIH||Market Vectors Oil Services||134.22||1,268.24||11.84%|
|USO||United States Oil||125.57||694.95||22.05%|
|GDX||Market Vectors Gold Miners||122.48||7,248.40||1.72%|
Top 5 Commodity ETF Redemptions
|AUM % Change|
|XLE||Energy Select SPDR||-211.68||7,589.21||-2.71%|
|UNG||United States Natural Gas||-129.64||760.48||-14.56%|
|MOO||Market Vectors Agribusiness||-115.81||3,983.88||-2.82%|
|DBC||PowerShares DB Commodity Tracking||-59.81||5,449.08||-1.09%|
|IGE||iShares North American Natural Resources||-51.63||2,042.29||-2.47%|
Top 5 Weekly Performers, Excluding <1,000 Shares Traded
|JO||iPath Dow Jones-UBS Coffee Total Return ETN||23.97%||3,077,591||165.43|
|JJS||iPath Dow Jones-UBS Softs Total Return ETN||11.88%||8,700||6.83|
|GRN||iPath Global Carbon ETN||11.83%||39,690||1.50|
|GRWN||iPath Pure Beta Softs ETN||10.99%||1,300||0.77|
|SGG||iPath Dow Jones-UBS Sugar Total Return ETN||9.75%||119,838||29.28|
Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded
|GAZ||iPath Dow Jones-UBS Natural Gas Total Return ETN||-9.80%||2,094,285||38.88|
|UNG||United States Natural Gas||-7.98%||151,486,346||760.48|
|URA||Global X Uranium||-5.28%||972,528||160.04|
|PLTM||First Trust ISE Global Platinum||-4.47%||67,580||10.18|
|CHIE||Global X China Energy||-3.98%||2,689||4.12|
Top 5 Volume Surprises, Funds >$50 mm AUM
|Weekly Volume||% of Average|
|UCI||ETRACS CMCI Total Return ETN||96,393||1,921,538||398.69%|
|FXN||First Trust Energy AlphaDEX||287,491||5,279,880||367.31%|
|IYE||iShares U.S. Energy||596,107||10,483,386||351.73%|
|DBB||PowerShares DB Base Metals||239,176||2,794,953||233.72%|
|PBD||PowerShares Global Clean Energy||53,348||611,292||229.17%|
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.