Commodity ETF Flows: Energy Funds Gather Flows, Coffee Fund Jumps 19%

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 |  Includes: AGFMF, CHIM, DGAZ, FCG, FXN, GLD, JJN, JJS, JO, KWT, MOO, PBW, QCLN, SCO, TAN, UNG, URA, USO, XLE
by: Hard Assets Investor

By Sumit Roy

Energy funds pulled in nearly a half-billion dollars in new inflows, bucking the trend for commodity-related, exchange-traded funds that saw other sectors lose or struggle for investment capital.

Energy funds attracted $478 million in inflows, while industrial metals eked out a $3 million inflow. On the flip side, precious metals saw a $182 million outflow, agriculture lost $90 million and broad market (multicommodity) ETPs shed $5 million.

On the back of the energy inflow, overall commodity-related ETPs had a net inflow of $204 million, bringing total assets under management to $132 billion.

ETP Inflows/Outflows

Energy ETPs dominated the individual flows chart, taking all five spots. The Energy Select Sector SPDR Fund (NYSEARCA:XLE) gained $506 million; VelocityShares 3X Inverse Natural Gas ETN (NYSEARCA:DGAZ) garnered $58 million; ProShares UltraShort DJ-UBS Crude Oil (NYSEARCA:SCO) added $36 million; First Trust ISE-Reverse Natural Gas (NYSEARCA:FCG) saw an inflow of $23 million; and First Trust Energy AlphaDEX (NYSEARCA:FXN) gained $21 million.

Meanwhile, the outflows list featured ETPs from three different sectors. SPDR Gold Trust (NYSEARCA:GLD) was the biggest loser, with a $114 million outflow. Following suit was the United States Natural Gas Fund (NYSEARCA:UNG), which lost $102 million; the Market Vectors Agribusiness ETF (NYSEARCA:MOO), which shed $90 million; the SPDR S&P Oil & Gas Exploration & Production ETF, which had an outflow of $53 million; and the United States Oil Fund (NYSEARCA:USO), which lost $44 million.

ETP Performance

In terms of price performance, agriculture and materials were the best performers. The iPath Dow Jones-UBS Coffee Total Return ETN (NYSEARCA:JO) surged 19.2 percent; the PowerShares DB Agriculture Long ETN (NYSEARCA:AGF) spiked 12.5 percent; iPath Dow Jones-UBS Softs Total Return ETN (NYSEARCA:JJS) gained 8.1 percent; Global X China Materials (NYSEARCA:CHIM) jumped 6.3 percent; and the iPath Dow Jones-UBS Nickel Total Return ETN (NYSEARCA:JJN) advanced 6.1 percent.

On the other end of the spectrum, alternative energy funds were the worst performers by far. Guggenheim Solar (NYSEARCA:TAN) lost 7.7 percent; PowerShares WilderHill Clean Energy (NYSEARCA:PBW) fell by 6.6 percent; Market Vectors Solar Energy (NYSEARCA:KWT) shed 6.4 percent; First Trust Nasdaq Clean Edge Green Energy (NASDAQ:QCLN) declined 6 percent; and the Global X Uranium Fund (NYSEARCA:URA) dropped 5.7 percent.

Fund Flows Data: (April 04 - 10, 2014)

Commodity ETF Weekly Flows By Sector

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture -90.47 8,119.19 -1.11%
Broad Market -4.55 13,040.11 -0.03%
Energy 478.44 46,038.01 1.04%
Industrial Metals 2.53 1,377.53 0.18%
Precious Metals -181.53 63,740.07 -0.28%
Total: 204.41 132,314.91 0.15%
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Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XLE Energy Select SPDR 505.86 9,412.76 5.68%
DGAZ VelocityShares 3X Inverse Natural Gas ETN 58.32 432.03 15.60%
SCO ProShares UltraShort DJ-UBS Crude Oil 36.09 333.40 12.14%
FCG First Trust ISE-Revere Natural Gas 23.31 468.12 5.24%
FXN First Trust Energy AlphaDEX 20.85 621.19 3.47%
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Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GLD SPDR Gold -113.54 34,221.16 -0.33%
UNG United States Natural Gas -101.74 652.31 -13.49%
MOO Market Vectors Agribusiness -89.53 3,079.04 -2.83%
XOP SPDR S&P Oil & Gas Exploration & Production -53.32 876.52 -5.73%
USO United States Oil -43.57 580.73 -6.98%
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Top 5 Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
JO iPath Dow Jones-UBS Coffee Total Return ETN 19.16% 1,198,034 114.47
AGF PowerShares DB Agriculture Long ETN 12.46% 60,381 4.15
JJS iPath Dow Jones-UBS Softs Total Return ETN 8.09% 9,171 17.47
CHIM Global X China Materials 6.25% 14,629 2.25
JJN iPath Dow Jones-UBS Nickel Total Return ETN 6.11% 43,112 7.21
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Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
TAN Guggenheim Solar -7.74% 3,058,946 446.71
PBW PowerShares WilderHill Clean Energy -6.54% 1,334,185 227.58
KWT Market Vectors Solar Energy -6.36% 87,757 24.10
QCLN First Trust NASDAQ Clean Edge Green Energy -6.00% 671,913 185.39
URA Global X Uranium -5.73% 1,366,856 241.78
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Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
Weekly Volume % of Average
JJA iPath Dow Jones UBS Agriculture Total Return ETN 24,909 476,188 382.34%
DJCI ETRACS DJ-Commodity Total Return ETN 8,452 139,558 330.24%
GRES IQ Global Resources 8,634 74,892 173.49%
PHO PowerShares Water Resources 118,082 984,326 166.72%
TBAR RBS Gold Trendpilot ETN 25,719 209,034 162.55%
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Disclaimer: Data provided by ETF.com. 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.