Written by Sumit Roy  |

July 08, 2011

Commodity ETF Flows: MOO Grows, Sugar ETPs Surge

Details

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.

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 Arca: 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 Arca: XOP), Energy Select Sector SPDR Fund (NYSE Arca: XOP), Market Vectors Junior Gold Miners ETF (NYSE Arca: GDXJ), and iPath Dow Jones-UBS Lead Subindex Total Return ETN (NYSE Arca: 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 Arca: GLD), United States Oil Fund (NYSE Arca: USO) and the Market Vectors Gold Miners ETF (NYSE Arca: GDX) with outflows of $116 million, $95 million and $94 million.

Direxion Daily Energy Bull 3x Shares (NYSE Arca: ERX) took the No.4 spot with $53 million in outflows and iPath Dow Jones – UBS Commodity Index Total Return ETN (NYSE Arca: 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 Arca: SGAR) gained 11.8 percent, while iPath Dow Jones- UBS Sugar Subindex Total Return ETN (NYSE Arca: SGG) rose by 9.86 percent.

Global X Uranium ETF (NYSE Arca: URA), Global X Gold Explorers ETF (NYSE Arca: GLDX), and iShares MSCI ACWI ex-US Materials Sector Index Fund (NYSE Arca: 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 Arca: BAL) fell 7.29 percent, while iPath Pure Beta Cotton ETN (NYSE Arca: CTNN) shed 5.59 percent.

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

Fund Flows Data: July 1 - July 7

Commodity ETF Weekly Flows By Asset Class

Top 5 Commodity ETF Creations

Top 5 Commodity ETF Redemptions

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

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

Top 5 Volume Surprises, Funds >$50 mm AUM

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.