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By Sumit Roy

It wasn’t much, but commodity-related exchange-traded products saw their second straight week of net inflows last week. Investors added a modest $28 million to the space. In turn, total assets inched higher, to $160.4 billion.

None of the individual sectors saw any outsized flows. Energy led with $46 million in inflows, followed by broad market (multicommodity) ETPs. Precious metals, industrial metals and agriculture saw outflows of $17 million, $13 million and $11 million, respectively.

The energy behemoth Energy Select Sector SPDR Fund (NYSE Arca: XLE) continued to recover from recent withdrawals, as investors plowed $219 million into the fund, allowing it to take the top spot for the week.

The Market Vectors Gold Miners ETF (NYSE Arca: GDX) and the SPDR S&P Metals and Mining ETF (NYSE Arca: XME) followed, with $123 million and $94 million in inflows, respectively.

At spot No. 4 was a familiar name—the Market Vectors Agribusiness ETF (NYSE Arca: MOO), with $68 million in inflows. Clearly, last week’s minor $18 million outflow was an anomaly in a trend that has seen MOO accumulate almost $1.2 billion in investor capital over eight weeks. Following MOO was the United States Natural Gas Fund (NYSE Arca: UNG) at No. 5, with $37 million in inflows.

Though XLE took the top spot on the inflows list last week, another energy fund, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XOP), was No. 1 on the outflows list, with $143 million in withdrawals.

The rest of the list included the iShares Silver Trust (NYSE Arca: SLV), the Direxion Daily Energy Bull 3x Shares (NYSE Arca: ERX), the PowerShares DB Agriculture Fund (NYSE Arca: DBA) and the SPDR Gold Trust (NYSE Arca: GLD) with $94 million, $64 million, $45 million and $44 million in outflows, respectively.

Shifting gears to price performance for the week, base metals dominated the top performers list, though the Elements Credit Suisse Global Warming ETN (NYSE Arca: GWO) led, with a 9.49 percent gain.

The First Trust ISE Global Copper Index Fund (NYSE Arca: CU), the Global X Copper Miners ETF (NYSE Arca: COPX) and the iPath Dow Jones-UBS Lead Subindex Total Return ETN (NYSE Arca: LD) were next, with gains of 9 percent, 8.65 percent and 7.23 percent, respectively.

The Global X Oil Equities ETF (NYSE Arca: XOIL) rounded out the top five, with a 7.12 percent rally.

It was all about grains when it comes to the worst performers of the week. The exception was the No. 1 product on the list, the iPath Global Carbon ETN (NYSE Arca: GRN), which shed 8.53 percent.

The Elements MLCX Grains Index – Total Return ETN (NYSE Arca: GRU), the Teucrium Corn Fund (NYSE Arca: CORN), the iPath Dow Jones UBS Grains Subindex Total Return ETN (NYSE Arca: JJG) and the iPath Pure Beta Grains ETN (NYSE Arca: WEET) fell 7.9 percent, 7.47 percent, 6.76 percent and 5.01 percent, respectively.

Fund Flows Data: June 23 - June 30

Commodity ETF Weekly Flows By Asset Class

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture -10.52 12,963.24 -0.08%
Broad Market 22.42 15,731.53 0.14%
Energy 46.01 35,395.90 0.13%
Industrial Metals -13.44 3,112.90 -0.43%
Precious Metals -16.86 93,235.20 -0.02%
Total: 27.61 160,438.77 0.02%


Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XLE Energy Select SPDR 218.55 9,011.39 2.49%
GDX Market Vectors Gold Miners 123.15 6,837.03 1.83%
XME SPDR S&P Metals and Mining 94.44 1,086.08 9.52%
MOO Market Vectors Agribusiness 67.71 5,538.75 1.24%
UNG United States Natural Gas 37.28 1,861.61 2.04%


Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XOP SPDR S&P Oil & Gas Exploration & Production -143.00 907.98 -13.61%
SLV iShares Silver -94.22 10,733.62 -0.87%
ERX Direxion Daily Energy Bull 3x -64.39 408.81 -13.61%
DBA PowerShares DB Agriculture -45.31 3,097.84 -1.44%
GLD SPDR Gold -43.96 58,460.23 -0.08%


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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GWO ELEMENTS Credit Suisse Global Warming ETN 9.49% 3,566 0.00
CU First Trust ISE Global Copper 9.00% 888,761 209.00
COPX Global X Copper Miners 8.65% 258,418 87.00
LD iPath Dow Jones-UBS Lead Total Return ETN 7.23% 383,368 17.28
XOIL Global X Oil Equities 7.12% 30,064 3.57


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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
GRN iPath Global Carbon ETN -8.53% 3,973 2.54
GRU ELEMENTS MLCX Grains - Total Return ETN -7.89% 656,539 25.37
CORN Teucrium Corn -7.47% 1,187,989 126.98
JJG iPath Dow Jones UBS Grains Subindex Total Return ETN -6.76% 1,223,891 266.75
WEET iPath Pure Beta Grains ETN -5.01% 9,911 6.18


Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average Volume % of Average
DBE PowerShares DB Energy 118,660 1,407,170 237.18%
USL United States 12 Month Oil 58,114 597,989 205.80%
PUW PowerShares WilderHill Progressive Energy Portfolio 19,024 158,163 166.28%
DGL PowerShares DB Gold 39,730 316,519 159.33%
GSP iPath S&P GSCI Total Return ETN 20,689 158,322 153.05%

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: Copper ETFs Gain as Grain ETFs Suffer