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Old December 2nd, 2011, 12:34 PM
mypokeyman mypokeyman is offline
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Default Energy ETFs see Biggest Inflow of Capital

Commodity ETF Flows: Energy Sees Biggest Inflows, Copper ETPs See Biggest Returns

Energy exchange-traded products see the most investor interest in a very positive week, but copper ETPs rally the most.

After many weeks, investors finally deployed a sizable amount of capital into commodity-related exchange-traded products: $641 million. The energy sector was the primary beneficiary, gaining $661 million. Exchange-traded products (ETPs) include exchange-traded funds (ETFs), exchange-traded vehicles (ETVs) and exchange-traded notes (ETNs).

Broad market (multicommodity) and precious metals ETPs also saw inflows, of $39 million and $21 million, respectively, while agriculture and industrial metals ETPs registered outflows of $49 million and $30 million, respectively.

Total commodity-related ETP assets now stand at $171 billion.

ETP Inflows/Outflows

The best-performing individual ETPs consisted of energy names, unsurprisingly. Energy Select Sector SPDR Fund (NYSE Arca: XLE), United States Oil Fund (NYSE Arca: USO) and SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XOP) had inflows of $501 million, $139 million and $133 million, respectively.

Rounding out the top five on the inflows list were the SPDR S&P Metals and Mining ETF (NYSE Arca: XME) and the iShares Silver Trust (NYSE Arca: SLV), with inflows of $83 million and $81 million.

While energy names made up the bulk of the inflows list, they also made up the bulk of the outflows list. ProShares Ultra DJ-UBS Crude Oil (NYSE Arca: UCO), Direxion Daily Energy Bull 3x (NYSE Arca: ERX) and United States Natural Gas Fund (NYSE Arca: UNG) saw outflows of $46 million, $46 million and $43 million, respectively.

ETFS Physical Platinum Shares (NYSE Arca: PPLT) and iPath Dow Jones-UBS Commodity Subindex Total Return ETN (NYSE Arca: DJP) followed, with outflows of $30 million and $24 million, respectively.


ETP Price Performance

Industrial metals ETPs were far and away the best price performers last week.

Global X Copper Miners ETF (NYSE Arca: COPX), First Trust ISE Global Copper ETF (NYSE Arca: CU), Market Vectors Rare Earth/Strategic Metals ETF (NYSE Arca: REMX) and Jefferies TR/J CRB Global Industrial Metals Equity ETF (NYSE Arca: CRBI) gained 15.43 percent, 14.02 percent, 13.57 percent and 13.39 percent, respectively.

Market Vectors Coal (NYSE Arca: KOL) took the No. 5 spot, with a 12.39 percent rally.

On the other end of the spectrum, carbon ETPs and agriculture ETPs fared the worst.

The iPath Global Carbon ETN (NYSE Arca: GRN), iPath Pure Beta Cocoa ETN (NYSE Arca: CHOC), iPath Dow Jones-UBS Cocoa Subindex Total Return ETN (NYSE Arca: NIB), iPath Pure Beta Softs ETN (NYSE Arca: GRWN) and ELEMENTS Credit Suisse Global Warming ETN (NYSE Arca: GWO) fell by 11.36 percent, 5.11 percent, 4.79 percent, 3.98 percent and 2.71 percent, respectively.
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