Home > Commodity Flows: Agribusiness ETF Grows, Sugar ETPs Surge (MOO, XLE, XOP, USO, GLD, GDX, ERX, URA)
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Commodity Flows: Agribusiness ETF Grows, Sugar ETPs Surge (MOO, XLE, XOP, USO, GLD, GDX, ERX, URA)

July 11th, 2011

Sumit Roy:  Another quiet week for commodity-related ETPs as a whole, but MOO continues to attract interest.

Despite steep gains in stock and commodity markets over the course of the week (Friday notwithstanding), commodity-related, exchange-traded products actually saw a small $43 million net outflow.

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As for individual sectors, agriculture saw the biggest inflow at $120 million, which is interesting considering that agriculture commodities were some of the worst performers. Industrial metals eked out a $19 million inflow.

Meanwhile, precious metals saw the biggest outflow at $95 million — also interesting given that gold and silver were some of the best performers of the week. Broad market (multi-commodity) and energy ETPs followed with $55 million and $31 million in outflows.

Agriculture’s outperformance was thanks once again to the Market Vectors Agribusiness ETF (NYSE:MOO), which received another $157 million of investor capital last week, taking its nine-week total to almost $1.4 billion.

SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP), Energy Select Sector SPDR Fund (NYSE:XLE), Market Vectors Junior Gold Miners ETF (NYSE:GDXJ), and iPath Dow Jones-UBS Lead Subindex Total Return ETN (NYSE:LD) rounded out the top five on the creations list with $90 million, $63 million, $62 million and $30 million in inflows, respectively.

The redemptions list featured some heavyweights, including the SPDR Gold Trust (NYSE:GLD), United States Oil Fund (NYSE:USO) and the Market Vectors Gold Miners ETF (NYSE:GDX) with outflows of $116 million, $95 million and $94 million.

Direxion Daily Energy Bull 3x Shares (NYSE:ERX) took the No.4 spot with $53 million in outflows and iPath Dow Jones – UBS Commodity Index Total Return ETN (NYSE:DJP) was No.5 with $40 million in outflows.

Sugar ETPs took the top spots on the price performers list for last week. iPath Pure Beta Sugar ETN (NYSE:SGAR) gained 11.8 percent, while iPath Dow Jones- UBS Sugar Subindex Total Return ETN (NYSE:SGG) rose by 9.86 percent.

Global X Uranium ETF (NYSE:URA), Global X Gold Explorers ETF (NYSE:GLDX), and iShares MSCI ACWI ex-US Materials Sector Index Fund (NYSE:AXMT) took the Nos. 3, 4, and 5 spots respectively, with advances of 9.05 percent, 7.25 percent, and 7.11 percent.

Finally, cotton ETPs dominated the bottom price performers list. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE:BAL) fell 7.29 percent, while iPath Pure Beta Cotton ETN (NYSE:CTNN) shed 5.59 percent.

The next three spots belonged to grains, as Teucrium Corn Fund (NYSE:CORN) dropped 5.23 percent. ELEMENTS MLCX Grains Index – Total Return ETN (NYSE:GRU) and iPath Dow Jones – UBS Grains Subindex Total Return ETN (NYSE:JJG) fell 5.1 percent and 4.09 percent, respectively.

Fund Flows Data: July 1 – July 7

Commodity ETF Weekly Flows By Asset Class

  Net Flows

($,mm)

AUM

($, mm)

% of AUM
Agriculture 119.74 13,342.30 0.90%
Broad Market -54.93 16,056.22 -0.34%
Energy -30.97 36,085.39 -0.09%
Industrial Metals 18.68 3,208.34 0.58%
Precious Metals -95.14 94,819.75 -0.10%
Total: -42.63 163,512.00 -0.03%

Top 5 Commodity ETF Creations

Ticker Name Net Flows

($,mm)

AUM

($, mm)

AUM % Change
MOO Market Vectors Agribusiness ETF 157.20 5,793.69 2.79%
XOP SPDR S&P Oil & Gas Exploration & Production ETF 89.87 1,034.28 9.52%
XLE Energy Select SPDR Fund 62.68 9,325.70 0.68%
GDXJ Market Vectors Junior Gold Miners ETF 62.06 2,216.31 2.88%
LD iPath Dow Jones-UBS Lead Subindex Total Return ETN 30.37 48.14 170.93%

Top 5 Commodity ETF Redemptions

Ticker Name Net Flows

($,mm)

AUM

($, mm)

AUM % Change
GLD SPDR Gold Trust -115.58 59,191.33 -0.19%
USO United States Oil Fund -95.01 1,416.43 -6.29%
GDX Market Vectors Gold Miners ETF -94.31 6,949.36 -1.34%
ERX Direxion Daily Energy Bull 3x Shares -53.42 385.92 -12.16%
DJP iPath Dow Jones-UBS Commodity Index Total Return ETN -40.34 3,060.20 -1.30%

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

Ticker Name Weekly

Performance

Weekly Volume AUM

($, mm)

SGAR iPath Pure Beta Sugar ETN 11.80% 85,944 7.81
SGG iPath Dow Jones-UBS Sugar Subindex Total Return ETN 9.86% 422,494 64.84
URA Global X Uranium ETF 9.05% 1,126,387 238.64
GLDX Global X Gold Explorers ETF 7.25% 312,069 25.82
AXMT iShares MSCI ACWI ex-US Materials Sector Index Fund 7.11% 1,700 6.90

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

Ticker Name Weekly

Performance

Weekly Volume AUM

($, mm)

BAL iPath Dow Jones-UBS Cotton Subindex Total Return ETN -7.28% 426,431 48.40
CTNN iPath Pure Beta Cotton ETN -5.58% 12,450 5.52
CORN Teucrium Corn Fund -5.23% 2,056,200 121.95
GRU ELEMENTS MLCX Grains Index – Total Return ETN -5.10% 817,861 26.06
JJG iPath Dow Jones UBS Grains Subindex Total Return ETN -4.09% 1,941,417 284.80

Top 5 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume

(30 Day)

1 Week Average Volume % of Average
DGL PowerShares DB Gold Fund 78,880 1,626,581 412.42%
JJM iPath Dow Jones-UBS Industrial Metals Subindex Total Return ETN 17,504 251,651 287.53%
JJS iPath Dow Jones-UBS Softs Subindex Total Return ETN 9,983 123,793 248.01%
DBB PowerShares DB Base Metals Fund 164,575 2,020,742 245.57%
OIL iPath S&P GSCI Crude Oil Total Return Index ETN 894,312 10,412,915 232.87%

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.

Written by Sumit Roy From Hard Assets Investor   

HardAssetsInvestor.com (HAI) is a research-oriented Web site devoted to sharing ideas about hard assets investing. The site has been developed as an educational resource for both individual and institutional investors interested in learning more about commodity equities, commodity futures and gold (the three major components of the hard assets marketplace). The site will focus on hard assets investing without endorsing or recommending any particular investment product.  

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NYSE:MOO, NYSE:XLE, NYSE:XOP


 

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  1. hank40
    July 12th, 2011 at 14:32 | #1

    uranium and energy stocks are on fire!!

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