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Transcription:

Weekly Flows by Sector (US$mn) TOTAL -22 Diversified Energy Industrial Precious -165 Agriculture Livestock Equities FX -4-2 -39-1 8 1-3 -2-1 1 Top 5 Inflows/Outflows (US$mn) Coffee Soybeans Cotton USD Sugar Crude oil Platinum Gold Industrial Silver -17.4-15.2-21.3-32.7-36.1 3.1 1.8 1.6 1.2.8-15 -1-5 5 Top 5 / Bottom 5 Performers Carbon Crude oil Gasoline Heating Oil Australia Palladium -3.9% Silver -4.7% Cotton -5.% Zinc -5.2% China Equity -5.3% 4.2% 3.1% 2.% 1.9% 1.9% -15% -5% 5% 15% So urce: ETF Securities No te: s ee next page (*)

2 ETP FLOWS (in US$m) ASSETS TOTAL -219.7-44.5-79. -1,461.5 16,768 Diversified -3.8 32.7-11.5 5.4 531 PERFORMANCE (US$) Precious Metals -164.9-76.4-579.9-643.7 12,175 Basket -4. -9.2 6.4-18.2 149 -.5% -2.3% -4.1% -1.4% Gold -32.7 12.3-46.5-473.8 1,637-1.3% -2.7% -2.3%.7% Silver -17.4-57.5-4.7-73.8 1,5-4.7% -1.5% -2.8% -2.2% Platinum -21.3-19.5-58.4-46.3 291-3.5% -4.6% -6.7% -6.9% Palladium.5-2.4-26.6-31.6 92-3.9% -2.3% -9.7% 7.4% Energy -2.2-31.1-452.7-1,155.8 1,372 Basket -2.3 49.4 22.1 4.2 126 1.9% -1.4% 8.% 37.2% Crude oil -15.2-75.6-456.8-1,189.7 1,123 3.1% -1.% 16.3% 69.9% Natural Gas -1.7-4.9-15.7 8.6 81-2.3% -.5% -2.8% -16.% Heating Oil. -.1. -.1 6. 1.9% -3.5% 5.4% 55.6% Gasoline -1. -.5-4.2-17.5 29.4 2.% -5.1% 3.1% 42.5% Carbon..6 1.9 2.6 6.1 4.2% -5.8% 77.6% 215.3% Industrial Metals -38.8 41.7 167.1 84.8 1,2 Basket -36.1 55. 3.7 26.1 4-2.5% -1.6% -3.6% 19.9% Aluminium. 1. -17.9-7.3 126-1.3% -3.6% -2.9% 16.% Copper -.8-2.3 13.4-56.6 275-3.7% -1.5% -9.1% 12.4% Nickel -.6-11.8 171.5 127.7 374.5% 3.2% 18.9% 65.1% Zinc -1.9-2.1-3.8-2.7 19-5.2% -3.9% -11.5% 9.1% Tin.3.4 -.8-2.8 2.4-1.8% 1.5% 2.8% 8.2% Lead.2 1.5 1.1.4 3.7.4% -1.% -2.8% 7.4% Agriculture 8.4 7.7 51. 151.3 819 Basket.3-2.1 33.9 16. 332-1.5% -9.7% -4.4% -7.4% Wheat.6 2.3-14.9-13.5 132-1.8% -9.9% 8.1% -11.7% Corn.6.7 16. 5.7 64-1.1% -11.8% -2.% -12.7% Soybeans 1.8 1.6 1.3 14.6 25-1.5% -13.9% -8.5% -5.5% Cotton 1.6 3.7 12.3 13.2 29-5.% -2.4% 1.% 28.7% Coffee 3.1 3.6 29.9 62.2 13 -.5% -4.6% -11.9% -14.1% Sugar.8-2.1 28.3 31.7 65.5% -2.6% -19.8% -11.1% Soybean Oil.3.4.6 -.5 3. -1.2% -6.7% -13.2% -11.% Cocoa -.6 -.5-65.3-68.1 39 -.2% -3.% 27.4% 29.1% Livestock -.6 -.2.6-2.9 8 Basket -.2 -.2. -1.1 1.4 -.4% 3.% -6.9% -9.1% Lean Hogs -.4 -.3.3-1.4 4.6-3.7% 1.6% -9.9% -8.1% Live Cattle..3.4 -.4 2.1 1.1% 3.6% -5.6% -9.7% Equities -.3-16. -6.5 5.5 12 US.... -.9% 1.4% 4.% 15.2% Europe -.5-16.2-7.8 3. 117 -.2% -.9% -.7% -.3% Asia.2.2 1.3 2.5 3-5.3% -9.2% -15.1% -4.3% Australia..... 1.9% 3.% 4.4% 14.5% FX.5-2.9 41.8 93.9 542 G1. -.1 -.1-4.4 2.2 USD 1.2-1.9.1 19.4 335 -.3%.3% 2.6% -2.8% CAD -.3 -.2.3 -.4 3.6 -.9% -2.3% -5.6% -.8% EUR.6-5. 72.8 123.5 477.5%.3% -1.4% 3.1% GBP -.2 1. -17.8-5.6 99.%.2%.8% 2.5% CHF. -.1.8 3.4 15.5.5%.4%.9% -5.1% NOK..5-5.2.5 14.4.3%.8% 4.3% 1.8% SEK.3 3.3-1.9 3. 11.6-1.3% -1.4% -5.9% -4.9% JPY -.4-2.7 37.3 7.2 115.6% -.4% 3.9%.% CNY. -.1 -.2 -.7 2.2-1.1% -1.% 2.2% 5.3% INR.. -.1 -.5.2.4%.7% -3.4% -5.7% AUD -.2 -.6-2.4.1 7.4 -.9% -1.9% -5.% -3.4% NZD... -.2 1.4 -.4%.6% -1.3% -6.6% Commodity FX.. -.2-2.7.5 (*) All data as at 22 Jun 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 2-2 -4-6 -8-1, -1,2-1,4-1,6-1,8 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Equities 25 2 15 1 5-5 -1-15 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Currencies 12 1 8 6 4 2-2 -4 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 DIVERSIFIED Diversified -3.8 32.7-11.5 5.4 531 All Commodities -2.6 35.1-5.2 9.5 443 Ex-Energy.. -.2 -.3 1 Ex-Ags and Liv -1.3-2.4-6.1-3.8 87 Past Month Flows in Diversified ETPs DIVERSIFIED $32.7 All Commodities $35.1 Ex-Energy Ex-Agriculture and Livestock -$2.4-1% -5% % 5% 1% 1, Net Cumulative Flows into Diversified Commodities 8 9 6 All Commodities 8 4 7 6 5 4 212 213 214 215 216 217 218 2-2 -4

4 ENERGY Energy -2.2-31.1-452.7-1,155.8 1,372 Energy Basket -2.3 49.4 22.1 4.2 126 Crude oil -15.2-75.6-456.8-1,189.7 1,123 Natural Gas -1.7-4.9-15.7 8.6 81 Heating Oil. -.1. -.1 6 Gasoline -1. -.5-4.2-17.5 29 Carbon..6 1.9 2.6 6 Past Month Flows Trends in Energy ETPs ENERGY -12.3-18.8 Energy Basket 49.4 Crude oil -9.8-65.8 Natural Gas -2.5-2.5 Heating Oil Gasoline -.1 -.4 Carbon. 5, Net Cumulative Flows into Energy 2-1% -5% % 5% 1% 4,5 4, -2 3,5 3, -4-6 Crude oil 2,5-8 2, -1, 1,5 212 213 214 215 216 217 218-1,2 PRECIOUS METAL Precious Metals -164.9-76.4-579.9-643.7 12,175 PM Basket -4. -9.2 6.4-18.2 149 Gold -32.7 12.3-46.5-473.8 1,637 Silver -17.4-57.5-4.7-73.8 1,5 Platinum -21.3-19.5-58.4-46.3 291 Palladium.5-2.4-26.6-31.6 92 Past Month Flows in Precious Metals ETPs PRECIOUS METALS -$2. PM Basket -$74.4 -$9.2 Gold $12.1 Silver -$2.2 -$55.3 $.3 Platinum Palladium -$19.5 -$2.4 $. 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% -5% % 5% 1% 1 5 Silver -5-1 -15-2

5 INDUSTRIAL META Industrial Metals -38.8 41.7 167.1 84.8 1,2 IM Basket -36.1 55. 3.7 26.1 4 Aluminium. 1. -17.9-7.3 126 Copper -.8-2.3 13.4-56.6 275 Nickel -.6-11.8 171.5 127.7 374 Zinc -1.9-2.1-3.8-2.7 19 Tin.3.4 -.8-2.8 2 Lead.2 1.5 1.1.4 4 Past Month Flows in Industrial Metals ETPs INDUSTRIAL METALS IM Basket Aluminium -$.5 $41.2 $55. $1.4 Copper -$2.6 $.3 Nickel Zinc -$.2 -$12.7 -$1.9 $.9 $.4 $. Tin $.4 $. 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 15 Nickel 1 5-5 -1 AGRICULTURE Agriculture 8.4 7.7 51. 151.3 819 Agri Basket.3-2.1 33.9 16. 332 Wheat.6 2.3-14.9-13.5 132 Corn.6.7 16. 5.7 64 Soybeans 1.8 1.6 1.3 14.6 25 Cotton 1.6 3.7 12.3 13.2 29 Coffee 3.1 3.6 29.9 62.2 13 Sugar.8-2.1 28.3 31.7 65 Soybean Oil.3.4.6 -.5 3 Cocoa -.6 -.5-65.3-68.1 39 Past Month Flows in Agricultural ETPs AGRICULTURE -$3.3 $11. Agri Basket -$2.1 $. Wheat Corn Soybeans Cotton -$2.5 $4.8 $.9 $1.7 $3.3 Coffee $. $3.7 Sugar -$.4 -$1.7 Soybean Oil $.3 Cocoa -$.7 $.2 $.2 $.4 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% 8 7 6 5 4 3 Coffee 2 1-1

6 LIVESTOCK Livestock -.6 -.2.6-2.9 8 Livestock Baske -.2 -.2. -1.1 1 Lean Hogs -.4 -.3.3-1.4 5 Live Cattle..3.4 -.4 2 Past Month Flows in Livestock ETPs LIVESTOCK Livestock Basket -$.2 -$.2 $.1 Lean Hogs -$.3 $.1 Live Cattle $.3 Net Cumulative Flows into Livestock 15 14 13 12 11 1 9 8 7 6 5 212 213 214 215 216 217 218.6.4.2 Live Cattle. -.2-1% -5% % 5% 1% -.4 -.6 EQUITIES Region -.3-16. -6.5 5.5 12 EQUITIES Past Month Flows in Equity ETPs -$9.9 -$6. US.... Europe -.5-16.2-7.8 3. 117 Asia.2.2 1.3 2.5 3 Australia.... US Europe -$9.9 -$6.3 $. 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 2. 15. Germany 1. 5.. -5.

7 CURRENCIES FX.5-2.9 41.8 93.9 542 G1. -.1 -.1-4.4 2 USD 1.2-1.9.1 19.4 335 CAD -.3 -.2.3 -.4 4 EUR.6-5. 72.8 123.5 477 GBP -.2 1. -17.8-5.6 99 CHF. -.1.8 3.4 16 NOK..5-5.2.5 14 SEK.3 3.3-1.9 3. 12 JPY -.4-2.7 37.3 7.2 115 CNY. -.1 -.2 -.7 2 INR.. -.1 -.5 AUD -.2 -.6-2.4.1 7 NZD... -.2 1 Commodity FX.. -.2-2.7 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. 8. 6. 4. 2.. -2. -4. Past Month Flows in Currency ETPs -.14 -.31 -.6 -.6 -.24-2.56 -.7-18.59-18.92 -.2. -.18.. 16.73 13.87 1.15.52 3.31. -1% -5% % 5% 1% USD -6.

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