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Last week's spike in gold prices lifted precious metals funds, but will it last after this week's fallback?

Investors streamed into energy and precious metals funds, gold in particular, as more than $1.1 billion in new investment capital flowed into commodity-related, exchanged-traded products this past week ending Thursday.

As has been the case for two weeks now, energy funds attracted the most inflows in the assets class, this time with $797 million in new capital. Precious metals followed, with $519 million. Those healthy inflows offset the other sectors that saw net outflows. Broad market (multicommodity) funds saw $138 million in outflows, followed by agriculture, with $43 million and industrial metals, which lost $3 million in outflows.

Exchange-traded products (ETPs) include exchange-traded funds (ETFs), exchange-traded vehicles (ETVs) and exchange-traded notes (ETNs)

ETP Inflows/Outflows

The Energy Select SPDR (NYSE Arca: XLE) attracted the most inflows for the third-straight week, with $367 million in new investment capital, followed by SPDR Gold (NYSE Arca: GLD) with $235 million, United States Oil (NYSE Arca: USO) with $197 million, iShares Gold Trust (NYSE Arca: IAU) with $100 million and Market Vectors Oil Services (NYSE Arca: OIH) with $93 million in inflows.

On the other side of the coin, the PowerShares DB Commodity Tracking (NYSE Arca: DBC) led redemptions, with $120 million in outflows, followed by SPDR S&P Oil & Gas Exploration & Production (NYSE Arca: XOP) with $48 million, ProShares UltraShort DJ − UBS Crude Oil (NYSE Arca: SCO) with $45 million, iPath Dow Jones-UBS Commodity Total Return ETN (NYSE Arca: DJP) with $41 million and Elements Rogers International Commodity-Total Return ETN (NYSE Arca: RJI), with $26 million in outflows.

ETP Performance

Riding the back of gold's biggest one-day advance in three years, precious metals funds dominated the top performers list. The Global X Pure Gold Miners (NYSE Arca: GGGG) clearly outperformed, with a jump of 10.49%, followed by Market Vectors Junior Gold Miners (NYSE Arca: GDXJ) gaining 7.92%, Global X Silver Miners (NYSE Arca: SIL) tacking on 7.51% and iShares MSCI Global Silver Miners (NYSE Arca: SLVP) chalking up a 6.43% increase.

The lone nonmetal fund, iPath Dow-Jones UBS Cocoa Total Return ETN (NYSE Arca: NIB), took the fourth spot, with an increase of 7.05%.

Energy funds populated the worst performers, with the Morgan Stanley S&P 500 Oil Hedged ETN (NYSE Arca: BARL) falling 9.27%, followed by Elements Credit Suisse Global Warming ETN (NYSE Arca: GWO) shedding 7.14%, United States Natural Gas (NYSE Arca: UNG) declining 5.84% and iPath Dow Jones-UBS Energy Total Return ETN (NYSE Arca: JJE) dropping 4.63%. The lone nonenergy funds, Teucrium Wheat (NYSE Arca: WEAT), came in fifth, losing 4.31%.

Fund Flows Data: (June 1 - June 7, 2012)

Commodity ETF Weekly Flows By Sector

Net Flows
($, mm)
% of AUM
Broad Market-138.1812,070.98-1.14%
Industrial Metals-3.241,341.27-0.24%
Precious Metals518.67102,218.640.51%

Top 5 Commodity ETF Creations

TickerNameNet Flows
($, mm)
AUM % Change
XLEEnergy Select SPDR366.876,752.235.75%
GLDSPDR Gold234.6765,794.080.36%
USOUnited States Oil197.041,243.6618.83%
IAUiShares Gold Trust100.109,193.971.10%
OIHMarket Vectors Oil Services92.981,169.388.64%

Top 5 Commodity ETF Redemptions

TickerNameNet Flows
($, mm)
AUM % Change
DBCPowerShares DB Commodity Tracking-119.725,364.43-2.18%
XOPSPDR S&P Oil & Gas Exploration & Production-48.12750.21-6.03%
SCOProShares UltraShort DJ-UBS Crude Oil-44.6975.58-37.16%
DJPiPath Dow Jones-UBS Commodity Total Return ETN-41.141,954.89-2.06%
RJIELEMENTS Rogers International Commodity - Total Return ETN-26.13584.83-4.28%

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

Weekly VolumeAUM
($, mm)
GGGGGlobal X PURE Gold Miners10.49%103,1964.36
GDXJMarket Vectors Junior Gold Miners7.92%31,853,2232,244.89
SILGlobal X Silver Miners7.51%1,348,943291.62
NIBiPath Dow Jones-UBS Cocoa Total Return ETN7.05%83,63823.89
SLVPiShares MSCI Global Silver Miners6.43%44,3901.96

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

Weekly VolumeAUM
($, mm)
BARLMorgan Stanley S&P 500 Oil Hedged ETN-9.27%7,5009.20
GWOELEMENTS Credit Suisse Global Warming ETN-7.14%8,1240.00
UNGUnited States Natural Gas-5.84%45,671,841891.46
JJEiPath Dow Jones-UBS Energy Total Return ETN-4.63%12,54111.21
WEATTeucrium Wheat-4.31%10,5004.48

Top 5 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
Weekly Volume% of Average
AGOLETFS Physical Asian Gold53014,844560.43%
PAGGPowerShares Global Agriculture Portfolio16,860205,299243.54%
DGLPowerShares DB Gold157,6801,861,405236.10%
FIWFirst Trust ISE Water21,457213,161198.69%
FXNFirst Trust Energy AlphaDEX57,105468,998164.26%

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: Gold Funds Outperform, Inflows Into Energy And Metals