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Commodity FUND FLOWS Report Commodity ETF Flows: Energy ETFs See Big Inflows, Alternative Energy ETFs Surge- Written by Sumit Roy |
- February 10, 2012
Commodity ETF Flows: Energy ETFs See Big Inflows, Alternative Energy ETFs Surge
- Details
Energy exchange-traded products see the most investor interest in a very positive week, but alternative energy ETFs rally the most.
Inflows into energy helped total commodity-related exchange-traded fund flows register a big gain last week. The space saw $780 million of new capital, sending total assets to $171.9 billion.
Energy ETPs saw a sizable $692 in inflows, while the other sectors all saw much smaller gains. Precious metals, broad market (multicommodity), agriculture, and industrial metals ETPs saw inflows of $60 million, $12 million, $9 million and $6 million, respectively.
ETP Inflows/Outflows
Four out of the top five individual ETPs were energy-related. The Energy Select Sector SPDR Fund (NYSE Arca: XLE), SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XOP), Alerian MLP ETF (NYSE Arca: AMLP) and United States Oil Fund (NYSE Arca: USO) had inflows of $214 million, $188 million, $93 million and $72 million, respectively.
The iShares Gold Trust (NYSE Arca: IAU) was the only nonenergy ETP to make the list, with an $89 million inflow.
On the other end of the spectrum, the Market Vectors Gold Miners ETF (NYSE Arca: GDX) topped the outflows leaderboard, with a $179 million outflow. The iPath Dow Jones – UBS Commodity Total Return ETN (NYSE Arca: DJP), Direxion Daily Energy Bull 3x (NYSE Arca: ERX), PowerShares DB Gold Double Long ETN (NYSE Arca: DGP) and ProShares Ultra Oil & Gas (NYSE Arca: DIG) followed, with outflows of $54 million, $22 million, $12 million and $11 million, respectively.
ETP Price Performance
Alternative energy ETPs were far and away the best performers in terms of price movements.
The Guggenheim Solar ETF (NYSE Arca: TAN) gained 17.5 percent, Market Vectors Solar Energy ETF (NYSE Arca: KWT) gained 15.6 percent and ELEMENTS Credit Suisse Global Warming ETN (NYSE Arca: GWO) gained 9.04 percent. The iShares S&P Global Clean Energy (NYSE Arca: ICLN) and PowerShares WilderHill Clean Energy Portfolio Fund (NYSE Arca: PBW) gained 8.73 percent and 8.22 percent, respectively.
Meanwhile, gold miners fared poorly.
The Global X Gold Explorers ETF (NYSE Arca: GLDX) fell by 5.88 percent, while Market Vectors Junior Gold Miners ETF (NYSE Arca: GDXJ) fell by 5.63 percent and Market Vectors Gold Miners (NYSE Arca: GDX) dropped 3.86 percent.
The iPath Dow Jones-UBS Cotton Total Return ETN (NSYE Arca: BAL) and Teucrium Wheat (NYSE Arca: WEAT) shed 4.72 percent and 4.39 percent, respectively.
Fund Flows Data: (February 3 - February 9)
Commodity ETF Weekly Flows By Asset Class
| Net Flows ($,mm) |
AUM ($, mm) |
% of AUM | |
| Agriculture | 9.30 | 11,307.28 | 0.08% |
| Broad Market | 11.93 | 14,511.87 | 0.08% |
| Energy | 692.98 | 31,989.29 | 2.17% |
| Industrial Metals | 6.34 | 2,013.27 | 0.31% |
| Precious Metals | 59.82 | 112,079.59 | 0.05% |
| Total: | 780.38 | 171,901.30 | 0.45% |
Top 5 Commodity ETF Creations
| Ticker | Name | Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| XLE | Energy Select SPDR | 214.45 | 7,876.05 | 2.80% |
| XOP | SPDR S&P Oil & Gas Exploration & Production | 187.78 | 1,144.11 | 19.64% |
| AMLP | Alerian MLP | 92.57 | 2,488.26 | 3.86% |
| IAU | iShares Gold Trust | 88.89 | 10,074.90 | 0.89% |
| USO | United States Oil | 72.05 | 1,353.96 | 5.62% |
Top 5 Commodity ETF Redemptions
| Ticker | Name | Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| GDX | Market Vectors Gold Miners | -179.33 | 9,056.10 | -1.94% |
| DJP | iPath Dow Jones-UBS Commodity Total Return ETN | -53.59 | 2,585.57 | -2.03% |
| ERX | Direxion Daily Energy Bull 3x | -21.94 | 378.16 | -5.48% |
| DGP | PowerShares DB Gold Double Long ETN | -11.55 | 566.17 | -2.00% |
| DIG | ProShares Ultra Oil & Gas | -11.19 | 274.34 | -3.92% |
Top 5 Weekly Performers, Excluding <1,000 Shares Traded
| Ticker | Name | Weekly Performance |
Weekly Volume | AUM ($, mm) |
| TAN | Guggenheim Solar | 17.50% | 10,006,230 | 106.58 |
| KWT | Market Vectors Solar Energy | 15.60% | 503,719 | 18.02 |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | 9.04% | 7,029 | 0.00 |
| ICLN | iShares S&P Global Clean Energy | 8.73% | 80,975 | 38.41 |
| PBW | PowerShares WilderHill Clean Energy Portfolio | 8.22% | 1,674,887 | 235.37 |
Bottom 5 Weekly Performers, Excluding <1,000 Shares Traded
| Ticker | Name | Weekly Performance |
Weekly Volume | AUM ($, mm) |
| GLDX | Global X Gold Explorers | -5.88% | 138,970 | 30.05 |
| GDXJ | Market Vectors Junior Gold Miners | -5.63% | 13,431,702 | 2,475.88 |
| BAL | iPath Dow Jones-UBS Cotton Total Return ETN | -4.72% | 93,986 | 42.35 |
| WEAT | Teucrium Wheat | -4.39% | 9,259 | 2.16 |
| GDX | Market Vectors Gold Miners | -3.86% | 56,743,075 | 9,056.10 |
Top 5 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
Weekly Volume | % of Average |
| TAN | Guggenheim Solar | 947,300 | 10,006,230 | 211.26% |
| RJA | ELEMENTS Rogers International Commodity - Agriculture Total Return ETN | 384,236 | 3,389,937 | 176.45% |
| COW | iPath Dow Jones-UBS Livestock Total Return ETN | 40,674 | 350,449 | 172.32% |
| MXI | iShares S&P Global Materials | 83,957 | 693,912 | 165.30% |
| OIL | iPath S&P GSCI Crude Oil Total Return ETN | 631,052 | 4,987,976 | 158.08% |
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.
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