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by Sumit Roy

It was a slow week for ETP flows, but investors remained interested in precious metals.

It was an uneventful week for commodity-related exchange-traded product flows, as every sector saw only fractional movements.

Precious metals and broad market (multicommodity) ETPs had inflows of $70 million and $31 million, respectively. Agriculture, energy and industrial metals ETPs had outflows of $66 million, $62 million and $4 million, respectively.

ETP Inflows/Outflows

Given that sector movements were modest, naturally, flows into and out of individual ETPs were the same.

The iShares Silver Trust (NYSEARCA:SLV), Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) and Market Vectors Gold Miners ETF (NYSEARCA:GDX) were three precious metals products that took spots No. 1, 2 and 4 on the top inflows list. Investors added $68 million, $50 million and $47 million, respectively, to each.

Two energy names, the United States Natural Gas Fund (NYSEARCA:UNG) and Alerian MLP (NYSEARCA:AMLP) took spots Nos. 3 and 5, with inflows of $47 million and $45 million, respectively.

The outflows list also contained a mix of precious metals and energy ETPs, though the latter made up the bulk of the names.

The SPDR Gold Trust (NYSEARCA:GLD) was the worst performer of the week, as it lost $118 million.

The United States Oil Fund (NYSEARCA:USO), Direxion Daily Energy Bull 3x (NYSEARCA:ERX), ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) and SPDR S&P Oil & Gas Exploration & Production (NYSEARCA:XOP) saw outflows of $43 million, $40 million, $22 million and $20 million, respectively.

ETP Price Performance

On the price performance side, the ELEMENTS Credit Suisse Global Warming ETN (NYSEARCA:GWO) led, with an 11.31 percent gain.

The iPath Dow Jones-UBS Nickel Subindex Total Return ETN (NYSEARCA:JJN), iShares MSCI ACWI ex-US Materials (NYSEARCA:AXMT), ETFS Physical Palladium (NYSEARCA:PALL) and iPath Pure Beta Industrial Metals ETN (NYSEARCA:HEVY) followed, with advances of 7.48 percent, 6.95 percent, 6.47 percent and 5.44 percent, respectively.

Meanwhile, two cocoa funds made an appearance on the worst price performers list.

The iPath Dow Jones-UBS Cocoa Subindex Total Return ETN (NYSEARCA:NIB) and iPath Pure Beta Cocoa ETN (NYSEARCA:CHOC) fell by 7.56 percent and 6.02 percent, respectively.

The iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEARCA:GAZ), Global X China Energy ETF (NYSEARCA:CHIE) and Global X Gold Explorers ETF (NYSEARCA:GLDX) also made the list, with losses of 6.02 percent, 5.8 percent and 5.59 percent, respectively.

Fund Flows Data: December 2 - December 8

Commodity ETF Weekly Flows By Asset Class

Net Flows

($,mm)

AUM

($, mm)

% of AUM
Agriculture -65.80 10,844.34 -0.61%
Broad Market 31.18 13,218.73 0.24%
Energy -62.33 29,992.05 -0.21%
Industrial Metals -3.99 1,869.51 -0.21%
Precious Metals 70.08 111,149.56 0.06%
Total: -30.86 167,074.20 -0.02%

Top 5 Commodity ETF Creations

Ticker Name Net Flows

($,mm)

AUM

($, mm)

AUM % Change
SLV iShares Silver 68.85 10,252.07 0.68%
GDXJ Market Vectors Junior Gold Miners 50.23 2,298.37 2.23%
UNG United States Natural Gas 47.46 1,293.19 3.81%
GDX Market Vectors Gold Miners 46.52 9,577.55 0.49%
AMLP Alerian MLP 45.26 1,792.33 2.59%

Top 5 Commodity ETF Redemptions

Ticker Name Net Flows

($,mm)

AUM

($, mm)

AUM % Change
GLD SPDR Gold -118.15 71,418.79 -0.17%
USO United States Oil -42.91 1,200.04 -3.45%
ERX Direxion Daily Energy Bull 3x -39.97 353.61 -10.16%
UCO ProShares Ultra DJ-UBS Crude Oil -21.72 270.09 -7.44%
XOP SPDR S&P Oil & Gas Exploration & Production -19.71 930.63 -2.07%

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

Ticker Name Weekly

Performance

Weekly Volume AUM

($, mm)

GWO ELEMENTS Credit Suisse Global Warming ETN 11.31% 13,952 0.00
JJN iPath Dow Jones-UBS Nickel Total Return ETN 7.48% 10,143 7.90
AXMT iShares MSCI ACWI ex-US Materials 6.95% 1,500 5.34
PALL ETFS Physical Palladium 6.47% 631,541 413.70
HEVY iPath Pure Beta Industrial Metals ETN 5.44% 1,100 1.50

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

Ticker Name Weekly

Performance

Weekly Volume AUM

($, mm)

NIB iPath Dow Jones-UBS Cocoa Total Return ETN -7.56% 247,206 17.26
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -6.02% 608,321 68.00
CHOC iPath Pure Beta Cocoa ETN -6.02% 4,400 2.17
CHIE Global X China Energy -5.80% 3,655 4.03
GLDX Global X Gold Explorers -5.59% 68,169 24.72

Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume

(30 Day)

Weekly Volume % of Average
ENY Guggenheim Canadian Energy Income 60,859 463,819 152.42%
AGOL ETFS Physical Asian Gold 1,109 8,096 146.03%
PBD PowerShares Global Clean Energy Portfolio 54,480 373,467 137.10%
GEX Market Vectors Global Alternative Energy 34,832 234,406 134.59%
GSG iShares S&P GSCI Commodity 316,159 2,121,807 134.22%
Source: Commodity ETF Flows: Precious Metals, Broad Market ETPs Eke Out Inflows