Bringing you live news and features since 2006 

Agriculture surges as ETCs record largest-ever weekly inflow

RELATED TOPICS​

ETF Securities has reported that its exchange traded commodities experienced their largest-ever net weekly inflow in the week ending 23 January with USD581m, with agricultural products

ETF Securities has reported that its exchange traded commodities experienced their largest-ever net weekly inflow in the week ending 23 January with USD581m, with agricultural products joining physical gold and oil as a driver of investment.

Physical gold ETCs accounted for 63 per cent of these inflows with 20 per cent from oil ETCs. Agriculture was a new source of ETC growth last week, accounting for ten per cent of total inflows.

ETFS Physical Gold and Gold Bullion Securities saw the largest weekly inflow on record – 420,000 ounces worth of ETCs were issued, equivalent to the quarterly production of the world’s sixth largest gold company. 

Last week, the gold price rose from USD835/oz to USD899/oz, a weekly increase of eight per cent in USD terms and a weekly increase of 15 per cent in GBP terms.

Agriculture ETCs saw their largest inflows since April 2008 last week. ETFS Agriculture and ETFS Wheat led gains with a total of USD48m and USD6m of inflows respectively. Other ETCs covering softs and grains also posted inflows last week.

Agriculture is beginning to receive renewed interest from investors as it is widely perceived to be more independent of the current financial crisis. In addition, inventories of a number of agriculture commodities remain at or near historic lows, while there has been some reduced plantings in North America and poor weather in South America recently,

All agriculture ETCs are up by around 20 per cent since early December.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by