Bringing you live news and features since 2006 

OIL ETPs see highest inflows in 14 weeks


Inflows into long oil ETPs reached their highest in 14 weeks last week as investors returned to bargain hunting, according to Nitesh Shah, Associate Director – Research at ETF Securities.

Profit-taking meanwhile, led to USD36.0 million outflows from long wheat ETPs, while long nickel ETPs saw their largest inflows since November 2014, again on the back of bargain hunting. 

“The failure to make progress in Greek debt negotiations elevates the risk of a default on the EUR3.5bn that is owed to the ECB on 20 July,” says Shah (pictured). “A default on that bond would almost certainly lead to the emergency liquidity assistance (ELA) being switched off and throw Greek banks into an untenable position of ‘Grimbo’. Gold has surprisingly not reacted to the events but that could change as worst-case scenarios crystalise. Oil inflows reach the highest for 14 weeks, with ETF securities long oil ETPs receiving USD49.3 million of inflows last week. Agricultural commodities have clearly been outperformers in the past week, and as the strengthening El Niño weather pattern changes growing conditions, we believe agricultural commodities will continue to offer investors strong opportunities.”

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
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