Weekly Flows by Sector (US$mn) TOTAL -153 Diversified Energy Industrial Precious -195 Agriculture Livestock Equities FX -2-3 -1 3 2 26-3 -2-1 1 Top 5 Inflows/Outflows (US$mn) EUR JPY Cotton Agriculture USD Aluminium Crude oil Precious metals -82.3-98.4-4.3-5.4-12.3 Top 5 / Bottom 5 Performers Nickel Sugar Wheat Carbon Cotton EM Bonds Gold Gold Silver -1% -5% % 5% 1% So urce: ETF Securities No te: s ee next page (*) 27.2 24.4 6.2 6.1 4.1-15-1-5 5-2.5% -2.7% Cocoa -4.5% Platinum -4.5% Live Cattle -5.9% 4.9% 3.9% 3.9% 2.7% 2.3%
ETP FLOWS (in US$m) ASSETS TOTAL -152.9-166.1-767.7-1,532.6 17,121 Diversified -2.2-12.6-4.7-112.8 521 Precious Metals -194.5-17.4-562.9-729.6 12,376 Basket -12.3-33.6 13.3-8.8 158-2.1% -3.7% -2.7% -.3% Gold -82.3-26.4-486.5-591.8 1,786-2.7% -3.7% -.8% 2.5% Silver -98.4-89.2-25.7-68.1 1,19-2.2% -4.2% -3.% -2.7% Platinum -1. -1. -42.7-28.4 313-4.5% -5.3% -4.8% -6.7% Palladium -.6-11.2-21.3-32.6 1-2.3% -4.9% -7.3% 26.8% Energy -3.2-54.3-411.6-1,44.7 1,47 Basket 3.8 16.2-24.6-1.3 82 1.8% 5.5% 11.5% 21.6% Crude oil -5.4-64.5-375.5-1,5. 1,259 2.1% 7.6% 2.5% 49.4% Natural Gas -1.5-3.2-1. 19.8 85 1.9% 2.6% -5.2% -28.3% Heating Oil.2 -.3.1 -.2 6.5 2.% 7.% 11.9% 42.3% Gasoline -.5-2.9-2.8-14.8 33. 2.1% 6.4% 11.4% 33.3% Carbon.3.5 1.1 1.8 5.4 2.7% 11.9% 81.5% 223.2% Industrial Metals -1.5 8.4 142.5 5. 1,184 Basket 3.5 21.8-34.5-45. 374.3% -4.% -1.9% 21.3% Aluminium -4.3-11.7-17.4-5.9 132 -.4% -7.5% 1.1% 15.6% Copper 3..6 13.6-37.6 278-1.5% -2.9% -8.2% 15.3% Nickel -3.6-1.8 183.4 144.6 373 4.9% -.6% 15.% 54.4% Zinc.6 -.6-1.5-2.1 22.7% -4.1% -6.3% 19.1% Tin -.4 -.2 -.6-2.6 2.7 -.8% -4.3% 4.5% 3.7% Lead -.4.3 -.5-1.4 2.1 -.6% -1.5% -6.2% 1.% Agriculture 19.6 27.7 62.2 2.8 879 Basket 6.1 5.7 35.7 16.8 36 1.1% 1.2% 2.8% -5.6% Wheat 3.4 -.8-1.6-14.3 145 3.9% 8.6% 14.5% -1.5% Corn.3 -.2 14.6 12.6 71 1.5% 4.5% 1.2% -5.7% Soybeans.8 1.9 9.3 13.4 27 -.5% -4.% 1.8% -.2% Cotton 6.2 1.2 9.4 7.6 26 2.3% 2.2% 9.3% 12.3% Coffee 2.2 2. 27.2 75.7 132-1.2%.3% -9.4% -19.3% Sugar 1. 14.2 4.5 58.2 73 3.9% -1.7% -23.% -32.3% Soybean Oil.1.4.3 -.2 2.9-1.% -1.8% -8.% -9.8% Cocoa -.3-5.7-64.3-59.1 44-4.5% -1.8% 37.5% 27.5% Livestock -.1.1 1. -2.7 8 Basket...2 -.9 1.5-4.% -2.8% -12.2% -17.3% Lean Hogs -.1 -.1.7-1.4 4.9.4% -2.1% -11.7% -1.8% Live Cattle..3.1 -.4 1.7-5.9% -3.1% -12.5% -2.3% Equities 2.6-5.5 -.5 14. 129 US.... -.5% 1.8% 2.2% 16.2% Europe 2.6-4.6-1.5 11.7 126.9% 4.6% 1.3%.7% Asia. -.9 1.1 2.3 4 -.2% 1.3% -4.5% 14.1% Australia......1% 4.3% 2.1% 11.9% FX 26.3 4.4 42.2 92.5 552 PERFORMANCE (US$) G1 -.6. -.1-4. 2.2 USD 4.1 13.2 -.4 8.1 344 1.2% 3.7% 1.6% -3.6% CAD -.1 -.2.5.2 4..1%.1% -1.9% 5.3% EUR 27.2 36.4 75.4 123.4 488 -.7% -2.2% -.9% 4.1% GBP -1.5 2.2-18.2-2.4 11.6% -.9% 1.3%.6% CHF. 1.1 2. 5.2 17.1.9%.7% -1.4% -6.7% NOK.. -5.7 3.6 13.8 -.3% -.1% 3.2%.% SEK -.6 1. -6.3-1.4 7.3 -.8% -.1% -5.3% -3.8% JPY 24.4 27. 39.6 72.7 116 -.8% -1.2% 2.3% -1.3% CNY.. -.1 -.8 2.3.2% 1.3% 3.4% 7.4% INR. -.1 -.1 -.4.2 -.1% -.4% -4.6% -6.7% AUD.1.1-2.2 -.2 7.7.5%.5% -3.6% -.6% NZD... -.1 1.5 -.6% -3.% -2.5% -3.3% Commodity FX.. -.2-19..5 (*) All data as at 18 May 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
Commodities 4 2-2 -4-6 -8-1, -1,2-1,4-1,6 May 17 Aug 17 Nov 17 Feb 18 May 18 Equities 35 3 25 2 15 1 5-5 -1 May 17 Aug 17 Nov 17 Feb 18 May 18 Currencies 14 12 1 8 6 4 2-2 May 17 Aug 17 Nov 17 Feb 18 May 18 DIVERSIFIED Diversified -2.2-12.6-4.7-112.8 521 All Commodities -2.2-1.8-37.3-85.9 428 Ex-Energy.. -.2 -.6 1 Ex-Ags and Liv. -1.8-3.2-26.3 92 Past Month Flows in Diversified ETPs DIVERSIFIED -$12.6 All Commodities -$1.8 Ex-Energy Ex-Agriculture and Livestock -$1.8 1, 9 8 7 6 5 Net Cumulative Flows into Diversified Commodities 4 212 213 214 215 216 217 218-1% -8% -6% -4% -2% % -2 All Commodities -4-6 -8-1 -12-14
ENERGY Energy -3.2-54.3-411.6-1,44.7 1,47 Energy Basket 3.8 16.2-24.6-1.3 82 Crude oil -5.4-64.5-375.5-1,5. 1,259 Natural Gas -1.5-3.2-1. 19.8 85 Heating Oil.2 -.3.1 -.2 7 Gasoline -.5-2.9-2.8-14.8 33 Carbon.3.5 1.1 1.8 5 Past Month Flows Trends in Energy ETPs ENERGY -.1-54.2 Energy Basket 16.2 Crude oil -.8-63.7 Natural Gas -3.9.7 Heating Oil Gasoline -2.9. Carbon. Net Cumulative Flows into Energy 5, 4,5 4, 3,5 3, 2,5 2, 1,5 212 213 214 215 216 217 218-1% -5% % 5% 1% 8 6 4 2-2 -4 Gasoline -6-8 -1-12 PRECIOUS METAL Precious Metals -194.5-17.4-562.9-729.6 12,376 PM Basket -12.3-33.6 13.3-8.8 158 Gold -82.3-26.4-486.5-591.8 1,786 Silver -98.4-89.2-25.7-68.1 1,19 Platinum -1. -1. -42.7-28.4 313 Palladium -.6-11.2-21.3-32.6 1 Past Month Flows in Precious Metals ETPs PRECIOUS METALS PM Basket -$171.1 -$33.6 $.7 Gold -$26.7 $.3 Silver -$89.5 $.4 Platinum Palladium -$1. -$11.2 $. 12, 11,5 11, 1,5 1, 9,5 9, 8,5 Net Cumulative Flows into Precious Metals 8, 212 213 214 215 216 217 218-1% -8% -6% -4% -2% % 2% 2 15 Silver 1 5-5 -1
INDUSTRIAL META Industrial Metals -1.5 8.4 142.5 5. 1,184 IM Basket 3.5 21.8-34.5-45. 374 Aluminium -4.3-11.7-17.4-5.9 132 Copper 3..6 13.6-37.6 278 Nickel -3.6-1.8 183.4 144.6 373 Zinc.6 -.6-1.5-2.1 22 Tin -.4 -.2 -.6-2.6 3 Lead -.4.3 -.5-1.4 2 Past Month Flows in Industrial Metals ETPs INDUSTRIAL METALS -$4.1 $12.5 IM Basket $21.8 Aluminium -$.3 -$11.4 Copper -$.1 $.8 Nickel -$3.6 $1.8 Zinc Tin -$.2 -$.1 -$.4 -$.1 $. 1,5 1,4 1,3 1,2 1,1 1, 9 8 7 Net Cumulative Flows into Industrial Metals 6 212 213 214 215 216 217 218 2 15 1 5-5 -1-15 -1% -5% % 5% 1% Aluminium -2 AGRICULTURE Agriculture 19.6 27.7 62.2 2.8 879 Agri Basket 6.1 5.7 35.7 16.8 36 Wheat 3.4 -.8-1.6-14.3 145 Corn.3 -.2 14.6 12.6 71 Soybeans.8 1.9 9.3 13.4 27 Cotton 6.2 1.2 9.4 7.6 26 Coffee 2.2 2. 27.2 75.7 132 Sugar 1. 14.2 4.5 58.2 73 Soybean Oil.1.4.3 -.2 3 Cocoa -.3-5.7-64.3-59.1 44 AGRICULTURE Agri Basket Wheat Corn Soybeans Cotton Coffee Sugar Soybean Oil Cocoa Past Month Flows in Agricultural ETPs -$.1 -$5.6 -$3.3 $. -$.3 $2.5 $.3 $23.6 $5.7 $1.6 $1.3 $2.2 $12. $.3 $4. $. $2.2 $.1-1% -5% % 5% 1% 1,5 Net Cumulative Flows into Agriculture 6 1,3 5 1,1 9 7 4 3 2 1 Sugar 5 3 212 213 214 215 216 217 218-1
LIVESTOCK Livestock -.1.1 1. -2.7 8 Livestock Baske...2 -.9 2 Lean Hogs -.1 -.1.7-1.4 5 Live Cattle..3.1 -.4 2 Past Month Flows in Livestock ETPs LIVESTOCK $. $.2 Livestock Basket $. Lean Hogs $. -$.1 Live Cattle $.3 Net Cumulative Flows into Livestock 15 14 13 12 11 1 9 8 7 6 5 212 213 214 215 216 217 218-1% -5% % 5% 1% 1..8.6.4 Live Cattle.2. -.2 EQUITIES Region 2.6-5.5 -.5 14. 129 EQUITIES Past Month Flows in Equity ETPs -$14.4 $8.9 US.... Europe 2.6-4.6-1.5 11.7 126 Asia. -.9 1.1 2.3 4 Australia.... US Europe -$13.5 $. $8.9 Asia Australia $. -1% -5% % 5% Net Cumulative Flows into Equities 2 18 16 14 12 1 8 6 4 2 212 213 214 215 216 217 218 4. 3. UK 2. 1.. -1. -2.
CURRENCIES FX 26.3 4.4 42.2 92.5 552 G1 -.6. -.1-4. 2 USD 4.1 13.2 -.4 8.1 344 CAD -.1 -.2.5.2 4 EUR 27.2 36.4 75.4 123.4 488 GBP -1.5 2.2-18.2-2.4 11 CHF. 1.1 2. 5.2 17 NOK.. -5.7 3.6 14 SEK -.6 1. -6.3-1.4 7 JPY 24.4 27. 39.6 72.7 116 CNY.. -.1 -.8 2 INR. -.1 -.1 -.4 AUD.1.1-2.2 -.2 8 NZD... -.1 1 Commodity FX.. -.2-19. 1 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 1. 9. 8. 7. 6. 5. 4. 3. 2. 1. Past Month Flows in Currency ETPs -.12-29.82 -.1-4.11 -.7...15 42.99 1.2 4.5 1.13.3 1.3 26.33.13.4.98..72-1% -5% % 5% 1% JPY.