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By Sumit Roy

All large precious metals ETPs saw substantial inflows over past week, but grains ETPs performed best.

Record highs in gold and one-month highs in the overall commodity sector spurred investors to finally deploy a large amount of capital into commodity-related exchange-traded products this week. Investors added $1.3 billion to the space, helping to send total assets to $168.6 billion.

But sector performance varied significantly. Precious metals completely dominated with inflows of $1.7 billion. The only other sector to see a net inflow was agriculture, with $135 million.

Energy was the biggest loser. The sector saw outflows of $459 million, while the broad market (multicommodity) and industrial metals sectors saw fractional outflows of $12 million and $11 million, respectively.

Given the week’s sector performance, it’s unsurprising that precious metals ETPs dominated the inflows list. Only the agriculture superstar, the Market Vectors Agribusiness ETF (NYSE Arca: MOO), had the inflows necessary to make it onto the top 5 list. The fund took the No. 4 spot with $145 million in inflows, taking its 10-week total to more than $1.5 billion.

The rest of the inflows list consisted of precious metals juggernauts, including the SPDR Gold Trust (NYSE Arca: GLD), iShares Gold Trust (NYSE Arca: IAU), iShares Silver Trust (NYSE Arca: SLV) and Market Vectors Gold Miners ETF (NYSE Arca: GDX), with inflows of $1 billion, $246 million, $150 million and $85 million, respectively.

Just as precious metals ETPs dominated the inflows list, energy ETPs dominated the outflows list. The Energy Select Sector SPDR Fund (NYSE Arca: XLE), SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XOP), United States Natural Gas Fund (NYSE Arca: UNG), United States Oil Fund (NYSE Arca: USO) and iPath S&P GSCI Crude Oil Total Return ETN (NYSE Arca: OIL) took spots Nos. 1 through 5, with outflows of $262 million, $80 million, $54 million, $53 million and $29 million, respectively.

Hot Midwestern weather sent grain prices surging. In turn, grain-related ETPs were the top price performers this week. The iPath Beta Grains ETN (NYSE Arca: WEET), Teucrium Corn Fund (NYSE Arca: CORN), Elements MLCX Grains Index Total Return ETN (NYSE Arca: GRU) and iPath Dow Jones UBS Grains Subindex Total Return ETN (NYSE Arca: JJG) rose by 8.74 percent, 8.47 percent, 8.46 percent and 7.92 percent, respectively.

The UBS ETRACS CMCI Gold Total Return ETN (NYSE Arca: UBG) was the only ETP unrelated to grains that made the list, with a 5.87 percent gain.

Finally, solar and cotton ETPs made up the bottom price performers list. The Market Vectors Solar Energy ETF (NYSE Arca: KWT), Guggenheim Solar ETF (NYSE Arca: TAN) and iShares S&P Global Clean Energy Index Fund (NYSE Arca: ICLN) fell 9.37 percent, 7.76 percent and 7.21 percent, respectively.

The iPath Pure Beta Cotton ETN (NYSE Arca: CTNN) and iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE Arca: BAL) shed 8.93 percent and 8.19 percent, respectively.

Fund Flows Data: July 8 - July 14

Commodity ETF Weekly Flows By Asset Class

Net Flows
($,mm)
AUM
($, mm)
% of AUM
Agriculture 134.59 13,439.19 1.00%
Broad Market -12.29 16,105.09 -0.08%
Energy -458.53 34,820.47 -1.32%
Industrial Metals -11.41 3,105.71 -0.37%
Precious Metals 1,687.80 101,174.81 1.67%
Total: 1,340.17 168,645.27 0.79%


Top 5 Commodity ETF Creations

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
GLD SPDR Gold Trust 996.80 62,650.94 1.62%
IAU iShares Gold Trust 245.56 7,672.60 3.31%
SLV iShares Silver Trust 149.69 12,201.60 1.24%
MOO Market Vectors Agribusiness ETF 145.20 5,901.96 2.52%
GDX Market Vectors Gold Miners ETF 84.83 7,360.23 1.17%


Top 5 Commodity ETF Redemptions

Ticker Name Net Flows
($,mm)
AUM
($, mm)
AUM % Change
XLE Energy Select Sector SPDR Fund -262.35 8,838.36 -2.88%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -80.05 920.72 -8.00%
UNG United States Natural Gas Fund -53.91 1,850.08 -2.83%
USO United States Oil Fund -52.80 1,293.97 -3.92%
OIL iPath S&P GSCI Crude Oil Total Return ETN -29.26 578.78 -4.81%


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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
WEET iPath Pure Beta Grains ETN 8.74% 8,016 6.68
CORN Teucrium Corn Fund 8.47% 1,011,418 131.68
GRU ELEMENTS MLCX Grains Index Total Return ETN 8.46% 425,635 27.75
JJG iPath Dow Jones UBS Grains Subindex Total Return ETN 7.92% 936,993 299.32
UBG UBS E-TRACS CMCI Gold Total Return ETN 5.87% 2,600 7.13


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

Ticker Name Weekly
Performance
Weekly Volume AUM
($, mm)
KWT Market Vectors Solar Energy ETF -9.37% 356,754 26.24
CTNN iPath Pure Beta Cotton ETN -8.93% 20,350 5.10
BAL iPath Dow Jones-UBS Cotton Subindex Total Return ETN -8.19% 621,480 48.05
TAN Guggenheim Solar ETF -7.76% 1,669,969 148.67
ICLN iShares S&P Global Clean Energy Index Fund -7.21% 206,626 65.69


Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average Volume % of Average
NUGT Direxion Daily Gold Miners Bull 2X Shares 271,648 2,793,112 205.64%
JO iPath Dow Jones-UBS Coffee Subindex Total Return ETN 54,979 546,578 198.83%
SGG iPath Dow Jones-UBS Sugar Subindex Total Return ETN 78,567 771,087 196.29%
GCC GreenHaven Continuous Commodity Index Fund 175,254 1,706,896 194.79%
MLPL UBS E-TRACS 2X Monthly Leveraged Long Alerian MLP Infrastructure ETN 55,654 535,002 192.26%

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 ETF Flows: Investors Rush Into Precious Metals