Sunday, July 3, 2011

Copper ETFs Gain as Grain ETFs Suffer

Hard Assets Investor submits:

By Sumit Roy

It wasn?t much, but commodity-related exchange-traded products saw their second straight week of net inflows last week. Investors added a modest $28 million to the space. In turn, total assets inched higher, to $160.4 billion.

None of the individual sectors saw any outsized flows. Energy led with $46 million in inflows, followed by broad market (multicommodity) ETPs. Precious metals, industrial metals and agriculture saw outflows of $17 million, $13 million and $11 million, respectively.

The energy behemoth Energy Select Sector SPDR Fund (NYSE Arca: XLE) continued to recover from recent withdrawals, as investors plowed $219 million into the fund, allowing it to take the top spot for the week.

The Market Vectors Gold Miners ETF (NYSE Arca: GDX) and the SPDR S&P Metals and Mining ETF (NYSE Arca: XME) followed, with $123 million and $94 million in inflows, respectively.

At spot No. 4 was a familiar name?the


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