Metals ETNs Top Weekly Returns

July 03, 2014

Rising markets and demand from China is good business for copper ETFs.

Metals-related ETPs led ETFs this past week, gaining upward of 7 percent thanks to an improving U.S. economy and stronger demand from China.

The Global X Copper Miners (COPX | D-99) was the top-performing metals ETF this week ending Wednesday, returning 7.3 percent, buoyed by signs of economic acceleration in the U.S. as well as China-fueled buying of the metal. Copper has underperformed up until recently, according to Sumit Roy, managing editor of Hard Asset Investor, making the bounce a bit more significant, he notes.

“Many now see copper as a bargain given that it is still down year-to-date while most other metals are up,” said Roy.

On the flip side, the Morgan Stanley S&P 500 Oil Hedged ETN (BARL) was the worst-performing ETP last week, as both WTI and Brent crude oil prices have slipped a bit as new supplies from Libya calmed a market that has been spiking recently thanks to rising violence in Iraq.

Half the ETN is allocated to the S&P 500 and the other half is equally weighted to WTI and Brent oil.

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN 13.43% 13,527 1.91
COPX Global X Copper Miners 7.32% 233,966 37.42
JJN iPath Dow Jones-UBS Nickel Total Return ETN 7.01% 22,823 16.01
NINI iPath Pure Beta Nickel ETN 6.39% 16,336 6.97
KWEB KraneShares CSI China Internet 6.33% 325,879 77.47
INCO EGShares India Consumer 5.95% 10,925 7.19
URA Global X Uranium 5.75% 856,721 240.63
CU First Trust ISE Global Copper 5.73% 80,697 31.03
SPGH ETRACS S&P 500 Gold Hedged ETN 5.72% 6,589 22.02
BJK Market Vectors Gaming 5.43% 159,599 61.79

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BARL Morgan Stanley S&P 500 Oil Hedged ETN -33.98% 2,001 18.36
CVOL C-Tracks Citi Volatility ETN -12.93% 578,563 5.12
QDEM Market Vectors MSCI Emerging Markets Quality Dividend -6.96% 14,597 5.44
SOYB Teucrium Soybeans -5.98% 43,947 5.51
JO iPath Dow Jones-UBS Coffee Total Return ETN -5.34% 629,342 82.68
NAGS Teucrium Natural Gas -5.26% 10,478 1.31
JJG iPath Dow Jones UBS Grains Total Return ETN -5.21% 250,964 75.76
JJA iPath Dow Jones UBS Agriculture Total Return ETN -5.13% 51,637 84.33
CAFE iPath Pure Beta Coffee ETN -5.13% 30,424 6.74
WEET iPath Pure Beta Grains ETN -4.99% 1,500 0.45

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

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