By Drew Voros
Energy funds attract nearly $2 billion in new flows. Investors returned to commodity-related, exchanged-traded products over the last week, led by energy and precious metals, which saw nearly $2.4 billion of inflows into commodity ETPs.
Energy grabbed the lion's share of flows, pulling in $1.9 billion in new capital, followed by precious metals with $469 million, industrial metals with $7.8 million and agriculture with $5 million.
The only sector to see outflows was broad market (multicommodity), which saw $11.9 million flow out.
Commodity ETPs include exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded vehicles (ETVs).
Energy funds dominated the top inflows, led by iShares U.S. Energy (NYSEARCA:IYE) with $794 million of inflows, a 65 percent jump in AUM; followed by SPDR Gold (NYSEARCA:GLD) with $347 million; First Trust Energy AlphaDex (NYSEARCA:FXN) with $341 million, a 224 percent increase; SPDR S&P Oil & Gas Exploration & Production (NYSEARCA:XOP) with $196 million; and Vanguard Energy (NYSEARCA:VDE) with $175 million.
Outflows were a mixed bag, led by Energy Select SPDR (NYSEARCA:XLE) with $128 million, followed by Direxion Daily Gold Miners Bull 3X (NYSEARCA:NUGT) with $47 million, SPDR S&P Metals and Mining (NYSEARCA:XME) with $45 million, VelocityShares 3X Inverse Natural Gas ETN (NYSEARCA:DGAZ) with $37 million, and iPath Dow Jones-UBS Coffee Total Return ETN (NYSEARCA:JO), which saw $35 million flow out.
Various forms of energy funds outperformed: Global X Uranium (NYSEARCA:URA) surged 11.82 percent, followed by Guggenheim Solar (NYSEARCA:TAN) with a 6.69 percent advance, First Trust Nasdaq Clean Edge Green Energy (NASDAQ:QCLN) gained 6.47 percent, Market Vectors Solar Energy (NYSEARCA:KWT) rose 6.37 percent, and Market Vectors Global Alternative Energy (NYSEARCA:GEX) added 5.71 percent.
A big drop in natural gas prices took related funds down too. United States Natural Gas (NYSEARCA:UNG) fell 8.28 percent, iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEARCA:GAZ) dropped 7.62 percent, iPath Global Carbon ETN (NYSEARCA:GRN) gave up 6.86 percent, Teucrium Natural Gas (NYSEARCA:NAGS) slipped 5.78 percent, and United States 12-Month Natural Gas (NYSEARCA:UNL) lost 5.50 percent.
Fund Flows Data: (February 21 - 27, 2014)
Commodity ETF Weekly Flows By Sector
|% of AUM|
Top 5 Commodity ETF Creations
|AUM % Change|
|IYE||iShares U.S. Energy||793.87||2,019.94||64.75%|
|FXN||First Trust Energy AlphaDEX||340.82||492.78||224.27%|
|XOP||SPDR S&P Oil & Gas Exploration & Production||196.13||1,154.07||20.47%|
Top 5 Commodity ETF Redemptions
|AUM % Change|
|XLE||Energy Select SPDR||-127.55||8,266.69||-1.52%|
|NUGT||Direxion Daily Gold Miners Bull 3X||-46.83||730.61||-6.02%|
|XME||SPDR S&P Metals and Mining||-45.28||638.95||-6.62%|
|DGAZ||VelocityShares 3X Inverse Natural Gas ETN||-36.53||402.94||-8.31%|
|JO||iPath Dow Jones-UBS Coffee Total Return ETN||-34.67||172.25||-16.76%|
Top 5 Weekly Performers, Excluding <1,000 Shares Traded
|URA||Global X Uranium||11.82%||2,473,783||208.18|
|QCLN||First Trust NASDAQ Clean Edge Green Energy||6.47%||1,204,024||174.04|
|KWT||Market Vectors Solar Energy||6.37%||48,512||27.08|
|GEX||Market Vectors Global Alternative Energy||5.71%||82,499||105.60|
Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded
|UNG||United States Natural Gas||-8.28%||131,814,174||813.36|
|GAZ||iPath Dow Jones-UBS Natural Gas Total Return ETN||-7.62%||747,112||35.84|
|GRN||iPath Global Carbon ETN||-6.86%||221,298||2.08|
|NAGS||Teucrium Natural Gas||-5.78%||19,785||2.02|
|UNL||United States 12 Month Natural Gas||-5.50%||129,496||21.99|
Top 5 Volume Surprises, Funds >$50 mm AUM
|Weekly Volume||% of Average|
|RYE||Guggenheim S&P Equal Weight Energy||40,202||847,973||421.86%|
|LIT||Global X Lithium||41,060||712,692||347.15%|
|MXI||iShares Global Materials||81,171||1,140,335||280.97%|
|FXN||First Trust Energy AlphaDEX||1,176,880||15,584,388||264.84%|
|IYE||iShares U.S. Energy||1,925,696||22,141,372||229.96%|
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.