Weekly Flows by Sector (US$mn) TOTAL Diversified Energy Industrial Precious -81 Agriculture Livestock Equities FX -3-38 -1 2 8 5 75-1 -5 5 1 Top 5 Inflows/Outflows (US$mn) Agriculture Copper USD Coffee Aluminium Industrial -2.6 Crude oil -4.3 Precious -6.2 Diversified -37.5 Gold -76.1 6.7 4.9 4.1 3.9 66.1-13 -3 7 17 Top 5 / Bottom 5 Performers Wheat Carbon Natural Gas Corn Soybeans Nickel -2.3% Aluminium -2.4% Coffee -2.4% China Equity -4.6% Cocoa -8.4% 4.9% 2.7% 2.6% 2.2% 1.9% -15% -5% 5% So urce: ETF Securities No te: s ee next page (*)
2 ETP FLOWS (in US$m) ASSETS TOTAL -3.2-282.5-1,183. -1,773. 15,676 Diversified -37.5-38.8-56.6-37.7 47 Precious Metals -8.5-365.5-867.6-844.5 11,343 Basket -6.2-15.7-6.5-2.9 129 -.6% -3.5% -8.9% -5.7% Gold -76.1-349. -752.6-678. 9,893 -.6% -3.1% -6.4% -3.7% Silver 1.6.8-38.8-76.4 938.% -4.% -9.2% -8.5% Platinum 1.1.9-41. -35.3 296.4% -.8% -1.5% -14.3% Palladium -.9-2.4-28.5-33.8 87-1.1% -2.9% -13.1% 3.6% Energy 1.6 32.7-455.2-1,51.3 1,372 Basket 2.9 5.7 26. 46.7 13 -.4% -2.4% 7.4% 24.7% Crude oil -4.3 24.1-466.6-1,83.9 1,117-1.9% -4.3% 13.9% 46.9% Natural Gas.2 -.5-14.6 -.1 8 2.6% 1.% -5.% -12.6% Heating Oil 1.3 1.5 2.2 1.3 8.2-1.5% -2.2% 5.2% 3.7% Gasoline 1. 1.2-5. -18.9 28.7-2.2% -1.1% 4.7% 24.% Carbon.4.7 2.7 3.5 7.9 2.7% 1.9% 16.4% 218.6% Industrial Metals 8. 4.8 18. -174.5 943 Basket -2.6-31.5-131.1-22.1 234-1.4% -2.6% -12.4% 2.% Aluminium 3.9 1.8-33. -4.8 13-2.4% -2.7% -9.9% 5.8% Copper 6.7 24.8 -.2-74.6 239-1.4% -2.1% -17.5% -6.9% Nickel 1. 1.1 187.5 151.8 346-2.3% -3.% 5.3% 29.9% Zinc -1.1. -4. -5.3 17 1.7% -3.2% -19.7% -4.3% Tin -.1 -.1-1.3-2.1 1.8-1.7% 1.7% -.9% -2.5% Lead.2 -.3.2-1.4 2.5-1.3% -9.2% -14.8% -1.8% Agriculture 74.6 69.5 137.5 25.9 885 Basket 66.1 67.9 12.5 175.9 4 1.6% 1.2% -4.8% -1.6% Wheat -2.1-8.3-22.2-4.7 14 4.9% 8.% 19.3% 1.5% Corn.4 1.4 18.9 4.4 67 2.2% 2.7% -1.% -12.1% Soybeans.2 5.4 17.7 17.7 32 1.9%.9% -9.8% -11.3% Cotton -.1-15.9-3.8-3.6 13 -.2% 4.4% 13.8% 26.3% Coffee 4.1 7.2 45.4 83.7 131-2.4% -5.5% -18.7% -3.4% Sugar 3.5 8.1 4.1 39.2 65 -.3% -5.7% -29.9% -27.5% Soybean Oil -.1 -.2.3 -.5 2.6 -.5% -2.% -16.2% -19.% Cocoa 2.6 4. -61.3-61.1 34-8.4% -16.9% 3.8% -.9% Livestock.1.4.8-6.1 8 Basket.. -.2-4.2 1.1 1.% -1.9% -8.3% -9.9% Lean Hogs.1.4.6-1.3 4.4 -.2% -12.3% -2.9% -2.% Live Cattle...4 -.6 2.1 1.4% 2.9% -2.4% -5.5% Equities -1.1-5.6-8.9 1.2 115 US.....3% 2.5% 6.9% 16.3% Europe -1.1-5.8-11.1 -.6 111 -.9% 2.% 1.% 3.6% Asia..2 2.2 1.7 4-4.6% -2.% -23.9% -18.4% Australia..... -1.% -.5% 4.7% 14.2% FX 4.8 19.9 49. 89. 541 PERFORMANCE (US$) G1..1.1-2.3 2.4 USD 4.9 7.3-13.4 -.2 316.4% 1.2% 3.2% 1.6% CAD..3.6.1 4..%.% -4.5% -3.7% EUR 3.9 17.7 76.6 111. 474.1% -.3% -.9% -.5% GBP.6 2.9-14.7-3.8 99 -.4% -.8% -.4% 1.9% CHF...4 2.4 15..%.%.5% -1.4% NOK..2-6.9-1.4 12.4.%.% 3.9% -.5% SEK.4 1.9.4 6.1 13.7.%.% -6.6% -8.2% JPY -.3 8. 56.1 94.4 132.%.% 3.%.7% CNY..1 -.1 -.1 2.3 -.1% -2.3% -2.2%.9% INR.. -.1 -.1.2.3% 1.3% -3.3% -5.2% AUD. -.4-2.6-2.4 7.1.%.% -4.7% -5.8% NZD... -.1 1.4 -.3%.2% -1.9% -6.8% Commodity FX. 1.9 1.7-25.7 2.4 (*) All data as at 3 Aug 18, based on ETF Securities global commodity ETP flows and assets. In FX due to being pair trades there is double counting. Price performance is based on NAV data for commodities, indices for Bonds & Equities, Trade weighted indices for FX, Bloomberg
3 Commodities -5-1, -1,5-2, -2,5 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Equities 25 2 15 1 5-5 -1-15 -2 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Currencies 12 1 8 6 4 2-2 -4 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 DIVERSIFIED Diversified -37.5-38.8-56.6-37.7 47 All Commodities -38.4-43.5-54.5-38.6 382 Ex-Energy.. -.2 -.3 1 Ex-Ags and Liv.9 4.8-1.9 1.2 88 Past Month Flows in Diversified ETPs DIVERSIFIED -$38.7 All Commodities -$43.5 Ex-Energy Ex-Agriculture and Livestock $4.8 1, 9 8 7 6 5 Net Cumulative Flows into Diversified Commodities 4 212 213 214 215 216 217 218-1% -5% % 5% 1% 8 6 All Commodities 4 2-2 -4-6
4 ENERGY Energy 1.6 32.7-455.2-1,51.3 1,372 Energy Basket 2.9 5.7 26. 46.7 13 Crude oil -4.3 24.1-466.6-1,83.9 1,117 Natural Gas.2 -.5-14.6 -.1 8 Heating Oil 1.3 1.5 2.2 1.3 8 Gasoline 1. 1.2-5. -18.9 29 Carbon.4.7 2.7 3.5 8 Past Month Flows Trends in Energy ETPs ENERGY Energy Basket Crude oil -5.3-6.7 38.1 5.7 3.8 Natural Gas -1.7 1.3 Heating Oil Gasoline. 1.2 Carbon. 5, Net Cumulative Flows into Energy -1% -5% % 5% 1% 4,5-2 4, -4 3,5 3, -6-8 Crude oil 2,5-1, 2, -1,2 1,5 212 213 214 215 216 217 218-1,4 PRECIOUS METAL Precious Metals -8.5-365.5-867.6-844.5 11,343 PM Basket -6.2-15.7-6.5-2.9 129 Gold -76.1-349. -752.6-678. 9,893 Silver 1.6.8-38.8-76.4 938 Platinum 1.1.9-41. -35.3 296 Palladium -.9-2.4-28.5-33.8 87 Past Month Flows in Precious Metals ETPs PRECIOUS METALS -$2.4 PM Basket Gold $. -$363.1 -$15.7 -$349. Silver -$1.9 $2.7 Platinum -$5. $5.9 Palladium -$2.4 Net Cumulative Flows into Precious Metals 12, 11,5 11, 1,5 1, 9,5 9, 8,5 8, 7,5 7, 212 213 214 215 216 217 218-1% -5% % 5% 1% 3 2 1 Gold -1-2 -3-4 -5-6 -7
5 INDUSTRIAL META Industrial Metals 8. 4.8 18. -174.5 943 IM Basket -2.6-31.5-131.1-22.1 234 Aluminium 3.9 1.8-33. -4.8 13 Copper 6.7 24.8 -.2-74.6 239 Nickel 1. 1.1 187.5 151.8 346 Zinc -1.1. -4. -5.3 17 Tin -.1 -.1-1.3-2.1 2 Lead.2 -.3.2-1.4 2 Past Month Flows in Industrial Metals ETPs INDUSTRIAL METALS -$3.1 $7.9 IM Basket -$31.7 $.3 Aluminium Copper -$2.2 $1.6 $27. Nickel -$1. $11.2 Zinc -$.5 $.4 Tin -$.2 $.1 $. 1,5 1,4 1,3 1,2 1,1 1, 9 8 7 Net Cumulative Flows into Industrial Metals 6 212 213 214 215 216 217 218-1% -5% % 5% 1% 2-2 -4-6 -8-1 -12 Copper -14-16 AGRICULTURE Agriculture 74.6 69.5 137.5 25.9 885 Agri Basket 66.1 67.9 12.5 175.9 4 Wheat -2.1-8.3-22.2-4.7 14 Corn.4 1.4 18.9 4.4 67 Soybeans.2 5.4 17.7 17.7 32 Cotton -.1-15.9-3.8-3.6 13 Coffee 4.1 7.2 45.4 83.7 131 Sugar 3.5 8.1 4.1 39.2 65 Soybean Oil -.1 -.2.3 -.5 3 Cocoa 2.6 4. -61.3-61.1 34 AGRICULTURE Agri Basket Wheat Corn Soybeans Cotton$. Coffee Sugar Soybean Oil Cocoa Past Month Flows in Agricultural ETPs -$.1 -$15.9 -$12. -$.1 -$2.3 -$.6 $3.7 -$.1 $2. $69.5 $67.9 $9.5 $5.3 $8.7 $4.2 $. $. Net Cumulative Flows into Agriculture 1,5 1,3 1,1 9 7 5 3 212 213 214 215 216 217 218-1% -5% % 5% 1% 45 4 35 3 25 2 15 1 Sugar 5-5
6 LIVESTOCK Livestock.1.4.8-6.1 8 Livestock Baske.. -.2-4.2 1 Lean Hogs.1.4.6-1.3 4 Live Cattle...4 -.6 2 Past Month Flows in Livestock ETPs LIVESTOCK $.3 $.1 Livestock Basket$. Lean Hogs $.2 $.1 Live Cattle $. Net Cumulative Flows into Livestock 15 14 13 12 11 1 9 8 7 6 5 212 213 214 215 216 217 218 % 2% 4% 6% 8% 1%.4.2. -.2 -.4 -.6 Lean Hogs -.8-1. -1.2-1.4 EQUITIES Region -1.1-5.6-8.9 1.2 115 EQUITIES Past Month Flows in Equity ETPs -$3.3 -$2.3 US.... Europe -1.1-5.8-11.1 -.6 111 Asia..2 2.2 1.7 4 Australia.... US Europe -$3.5 -$2.3 $. Asia Australia $. -1% -5% % 5% 1% Net Cumulative Flows into Equities 2 18 16 14 12 1 8 6 4 2 212 213 214 215 216 217 218 1.. -1. Europe -2. -3. -4. -5. -6.
7 CURRENCIES FX 4.8 19.9 49. 89. 541 G1..1.1-2.3 2 USD 4.9 7.3-13.4 -.2 316 CAD..3.6.1 4 EUR 3.9 17.7 76.6 111. 474 GBP.6 2.9-14.7-3.8 99 CHF...4 2.4 15 NOK..2-6.9-1.4 12 SEK.4 1.9.4 6.1 14 JPY -.3 8. 56.1 94.4 132 CNY..1 -.1 -.1 2 INR.. -.1 -.1 AUD. -.4-2.6-2.4 7 NZD... -.1 1 Commodity FX. 1.9 1.7-25.7 2 n.b. Due to each currency being a pair, there is double counting in the flow data 65 6 55 5 45 4 35 3 25 Net Cumulative Flows into Currencies 2 212 G1 USD CAD EUR GBP CHF NOK SEK JPY CNY INR AUD NZD Commodity FX 12. 1. 8. 6. 4. 2.. Past Month Flows in Currency ETPs -.2 -.48-1.43 1.99. -.71 2.48.12 4.31.12 15.69.17 1.92 8.71.7 1.91 4.79.. -1% -5% % 5% 1% JPY -2.
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