Commodities remain an important area in terms of asset gathering for European ETPs and new analysis by Lyxor reveals that in the first quarter of 2012 over €1.4bn has flowed into these exposures, which represents over 26% of all ETP net asset inflows. In terms of total assets under management commodities, at close to €46bn, represent over 18.5% of the total ETP market.
Whilst historically the key area for asset gathering has been in gold-related ETPs, the most recent trends in Q1 have seen substantial inflows into energy related exposures on the back of the rising oil price driven by macro-economic and political concerns.
In the 12 months to March 2012, there were net inflows of €4.52 billion into commodity based European listed ETPs.
| Summary of Net New Assets (€m) | ||
| Category | Net new flows Q1 2012 | Percentage of total net new flows Q1 2012 |
| Agriculture | -€99.0m | (100%) |
| Diversified Broad | €0.3m | 0.0% |
| Energy | €421.7m | 27.5% |
| Industrial Metals | €190.8m | 12.4% |
| Precious Metals | €923.1m | 60.1% |
| Total | €1,436.8m | |
| Source: Bloomberg, Lyxor end March, 2012. Net New Asset percentage figures are percentages of inflows and outflows. Brackets denote outflows. | ||
Lyxor estimates that there is now €45.74 billion in European listed commodity ETPs, with €36.94 billion (80.8% of the total AUM) in those focused on Precious Metals, predominantly Gold.
| Summary of Assets under Management (€m) | ||
| Category | Assets under Management | Percentage of AUM |
| Agriculture | €1,323m | 2.9% |
| Diversified Broad | €4,589m | 10% |
| Energy | €1,895m | 4.1% |
| Industrial Metals | €984m | 2.2% |
| Precious Metals | €36,948m | 80.8% |
| Total | €45,742m | |
| Source Bloomberg, Lyxor end March, 2012 | ||
