While investors plowed just $359 million into commodity-related exchange-traded products in the past week, they demonstrated faith in the market last week by boosting all sectors, with standouts being the broad market sector and iShares’ Gold Trust (NYSEArca: IAU), according to an article on Hard Assets Investor.
Multicommodity funds were the most attractive piece of the commodities universe last week, pulling in close to $184 million in the past week. The most popular single-commodity fund was the iShares Gold Trust (NYSEArca: IAU). The No. 1 spot holder IAU tacked on $208 million, the article said.
Other pockets of the commodity world with inflows included precious metals with $92 million, energy with $45 million, agriculture with $27 million and industrial metals with $12 million in inflows, HAI said.
As for performance leaders, the iPath Dow Jones-UBS Lead Total Return (NYSEArca: LD) topped the list, fueled by China’s declaration to funnel more than $150 billion into infrastructure, after adding more than 20 percent, according to HAI.
The worst performers of the week were the Elements MLCX Biofuels Total Return ETN (NYSEArca: FUE) and the Elements Credit Suisse Global Warming ETN (NYSEArca: GWO), which shed 4.91 and 4.28 percent, respectively.
To read the full story, go to HardAssetsInvestor.com.