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.

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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: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:GLD), iShares Gold Trust (NYSE:IAU), iShares Silver Trust (NYSE:SLV) and Market Vectors Gold Miners ETF (NYSE: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:XLE), SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP), United States Natural Gas Fund (NYSE:UNG), United States Oil Fund (NYSE:USO) and iPath S&P GSCI Crude Oil Total Return ETN (NYSE: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:WEET), Teucrium Corn Fund (NYSE:CORN), Elements MLCX Grains Index Total Return ETN (NYSE:GRU) and iPath Dow Jones UBS Grains Subindex Total Return ETN (NYSE: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: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:KWT), Guggenheim Solar ETF (NYSE:TAN) and iShares S&P Global Clean Energy Index Fund (NYSE:ICLN) fell 9.37 percent, 7.76 percent and 7.21 percent, respectively.

The iPath Pure Beta Cotton ETN (NYSE:CTNN) and iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: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.

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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