Seeking Alpha
Commodities, gold, oil & gas
Profile| Send Message|
( followers)  

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).

ETP Inflows/Outflows

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.

ETP Performance

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

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture-104.408,509.97-1.23%
Broad Market-134.2212,216.17-1.10%
Energy273.7141,619.680.66%
Industrial Metals-26.141,155.61-2.26%
Precious Metals337.2259,829.340.56%
Total:346.17123,330.760.28%

Top 5 Commodity ETF Creations

TickerNameNet Flows
($,mm)
AUM
($, mm)
AUM % Change
IYEiShares U.S. Energy257.911,821.9616.49%
GLDSPDR Gold156.6932,184.210.49%
OIHMarket Vectors Oil Services134.221,268.2411.84%
USOUnited States Oil125.57694.9522.05%
GDXMarket Vectors Gold Miners122.487,248.401.72%

Top 5 Commodity ETF Redemptions

TickerNameNet Flows
($,mm)
AUM
($, mm)
AUM % Change
XLEEnergy Select SPDR-211.687,589.21-2.71%
UNGUnited States Natural Gas-129.64760.48-14.56%
MOOMarket Vectors Agribusiness-115.813,983.88-2.82%
DBCPowerShares DB Commodity Tracking-59.815,449.08-1.09%
IGEiShares North American Natural Resources-51.632,042.29-2.47%

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

TickerNameWeekly
Performance
Weekly VolumeAUM
($, mm)
JOiPath Dow Jones-UBS Coffee Total Return ETN23.97%3,077,591165.43
JJSiPath Dow Jones-UBS Softs Total Return ETN11.88%8,7006.83
GRNiPath Global Carbon ETN11.83%39,6901.50
GRWNiPath Pure Beta Softs ETN10.99%1,3000.77
SGGiPath Dow Jones-UBS Sugar Total Return ETN9.75%119,83829.28

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

TickerNameWeekly
Performance
Weekly VolumeAUM
($, mm)
GAZiPath Dow Jones-UBS Natural Gas Total Return ETN-9.80%2,094,28538.88
UNGUnited States Natural Gas-7.98%151,486,346760.48
URAGlobal X Uranium-5.28%972,528160.04
PLTMFirst Trust ISE Global Platinum-4.47%67,58010.18
CHIEGlobal X China Energy-3.98%2,6894.12

Top 5 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
Weekly Volume% of Average
UCIETRACS CMCI Total Return ETN96,3931,921,538398.69%
FXNFirst Trust Energy AlphaDEX287,4915,279,880367.31%
IYEiShares U.S. Energy596,10710,483,386351.73%
DBBPowerShares DB Base Metals239,1762,794,953233.72%
PBDPowerShares Global Clean Energy53,348611,292229.17%

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.

Source: Commodity Flows: Energy Funds See Big Inflows And Outflows, Coffee Fund Spikes