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Natural Gas ETPs See Surge of Inflows as Price Drop Viewed as Excessive

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Natural Gas ETPs See Surge of Inflows as Price Drop Viewed as Excessive

ETF Securities – Natural Gas ETPs See Surge of Inflows as Price Drop Viewed as Excessive. US payrolls surprised to the upside and China growth data also came in above expectations, creating a strong base for continued gains for cyclical assets. At the same time, the ECB cut its benchmark refinancing rate by 25ps to 0.25% sending the Euro sharply lower. The cut followed the release of October CPI showing that Eurozone inflation fell to 0.7% in October, the lowest level in nearly four years. While a stronger USD may continue to create headwinds for the gold price in the near term, we expect most other commodities and cyclical assets to benefit as the main reason for US dollar strength is the strength of the US (and global) economic recovery, which is positive for the more industrially-oriented commodities. We remain particularly positive copper and lead in the industrial metals sector and platinum and palladium within precious metals.

Long natural gas ETPs see third consecutive week of strong inflows, as investors appear to view recent price decline as excessive. Last week ETF Securities natural gas ETPs saw $15mn of inflows, bringing total inflows over the past three weeks to $41mn. Henry Hub gas prices have been falling on the back of warmer-than-normal temperatures in several parts of the US. However, with prices now back near the lower end of recent trading ranges and forecasts that US winter temperatures will be colder than usual, investors appear to be using the price declines as a good entry point.

ETF Securities w441 2013

Platinum and palladium ETPs receive combined inflows of almost US$10mn on a tighter market outlook. Strong manufacturing and growth numbers from China and the US, coupled with persistent supply uncertainty in South Africa, spurred PGM prices last week. US GDP growth and job numbers also came in higher than expected. With both markets expected to record a deficit this year we believe both platinum have positive price prospects.

ETF Securities w443 2013

Long gold ETPs record the biggest inflows in 10 weeks

totalling US$7.6mn, as investors remain concerned about the outlook for the Eurozone and a potential excessive rally in cyclical assets. With France’s credit rating cut to AA by S&P and the ECB having to deal with extremely low inflation and high unemployment, tail risks in Europe remain elevated, prompting investors to seek protection in gold.The extent of the recent rally in equity markets may also be starting to worry investors, causing some reallocations into gold as a hedge.

ETF Securities w442 2013

ETFS Aluminium (ALUM) saw US$57.9mn of outflows as investors remain concerned about continued large global aluminium surpluses. China is expected to produce a record 24mn tonnes of aluminium this year, according to Chalco, China’s largest producer. With China continuing to increase capacity instead of cutting production, prices have remained under pressure. Meanwhile, ETFS Daily Short Copper (SCOP) saw US$9.7mn of inflows last week.

Key events to watch this week

Industrial production numbers for India, Japan, EU and the US will be released this week, with better than expected data likely to benefit cyclical commodities. Q3 GDP data for the Eurozone, Germany and France will also be published this week providing a clearer picture of the extent (or lack thereof) of the European recovery.  The Eurozone Finance Ministers meeting will also be monitored closely as Europe remains the biggest risk to global stability. Perhaps of greatest market interest in relation to the longer-term commodity outlook will be any new policy initiatives announced following China’s Third Plenum meeting.

Important Information

General

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority.

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A slice of Bitcoin gives a big portfolio boost

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Many investors wonder: If I add Bitcoin to my portfolio, what difference will it make? To answer these questions, we analyzed data to see how even a small Bitcoin allocation can impact your overall investment returns and risk.

Many investors wonder: If I add Bitcoin to my portfolio, what difference will it make? To answer these questions, we analyzed data to see how even a small Bitcoin allocation can impact your overall investment returns and risk.

It’s Crypto Week. Keep an eye on these bills

This week, the US House of Representatives will host “Crypto Week,” a focused effort to create clearer rules for digital assets. If these new laws pass, they could help investors feel more confident about entering the crypto market. The historic Crypto Week will likely benefit crypto lending projects like Aave, which has recently exceeded $45 billion in total value locked. Take a closer look at what’s on Congress’s agenda and why it matters for the future of crypto.

Turning stocks into tokens? Why it’s cool, but complicated

Crypto keeps evolving, and one clear use case is tokenization, turning real-world assets like property, investment funds, or stocks into digital tokens on the blockchain. Tokenized stocks are grabbing headlines right now as they let you trade company shares anytime, anywhere, making investing easier and faster. But it’s still early days, and there are challenges ahead. Explore how stock tokenization works and what’s holding it back.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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LYOR ETF är en aktiv satsning på ”over night lån”

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Lyxor Smart Overnight Return UCITS ETF C-EUR (LYOR ETF) med ISIN LU1190417599, är en aktivt förvaltad börshandlad fond. Denna ETF strävar efter att uppnå kortsiktig avkastning med låg volatilitet genom att investera i en portfölj av finansiella instrument och återköpsavtal.

Lyxor Smart Overnight Return UCITS ETF C-EUR (LYOR ETF) med ISIN LU1190417599, är en aktivt förvaltad börshandlad fond. Denna ETF strävar efter att uppnå kortsiktig avkastning med låg volatilitet genom att investera i en portfölj av finansiella instrument och återköpsavtal.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,10 % p.a. Lyxor Smart Overnight Return UCITS ETF C-EUR är den billigaste och största ETF som följer Lyxor Smart Overnight Return-index. ETFen replikerar resultatet för det underliggande indexet syntetiskt med en swap.

Lyxor Smart Overnight Return UCITS ETF C-EUR är en mycket stor ETF med tillgångar på 1 565 miljoner GBP under förvaltning. Denna ETF lanserades den 2 mars 2015 och har sin hemvist i Luxemburg.

Investeringsmål

Lyxor Smart Overnight Return – UCITS ETF C-EUR är en UCITS-kompatibel börshandlad fond som syftar till att uppnå kortsiktig avkastning högre än Euro Short-Term Rate (€STR) med extremt låg volatilitet. Fonden är aktivt förvaltad och investerar i en diversifierad portfölj av finansiella instrument och återköpsavtal, i en miljö med strikt risk- och likviditetsövervakning. €STR återspeglar grossistkostnaderna för euro utan säkerhet över natten för banker i euroområdet. €STR beräknas och publiceras av ECB.

Handla LYOR ETF

Lyxor Smart Overnight Return UCITS ETF C-EUR (LYOR ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och London Stock Exchange.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRONordnet, Aktieinvest och Avanza.

Börsnoteringar

BörsValutaKortnamn
XETRAEURLYOR
gettexEURLYXW
Borsa ItalianaEURSMART
Euronext ParisEURCSH2

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WisdomTree noterar hävstångsprodukter på Xetra

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WisdomTree Magnificent 7 3x Daily Leveraged ETP och WisdomTree Magnificent 7 3x Daily Short ETP erbjuder en trippelhävstångsinvestering i "Magnificent 7" amerikanska blue-chip-aktier. De syftar till att tredubbla den dagliga utvecklingen för WisdomTree U.S. Bluechip Select Index. Båda ETNerna är fullt säkerställda skuldebrev.

WisdomTree Magnificent 7 3x Daily Leveraged ETP och WisdomTree Magnificent 7 3x Daily Short ETP erbjuder en trippelhävstångsinvestering i Magnificent 7amerikanska blue-chip-aktier. De syftar till att tredubbla den dagliga utvecklingen för WisdomTree U.S. Bluechip Select Index. Båda ETNerna är fullt säkerställda skuldebrev.

WisdomTree PHLX Semiconductor 3x Daily Leveraged ETP och WisdomTree PHLX Semiconductor 3x Daily Short ETP ger en trippel daglig hävstångsexponering, lång respektive kort, mot de 30 största börsnoterade företagen i USA som huvudsakligen är involverade i design, distribution, tillverkning och försäljning av halvledare. Båda ETNerna är fullt säkerställda skuldebrev.

NamnISIN
Kortnamn*
AvgiftUtdelnings-
policy
WisdomTree Magnificent 7 3x Daily Leveraged ETPXS3091654114
M73L (EUR)
0,75%Ackumulerande
WisdomTree Magnificent 7 3x Daily Short ETPXS3091657307
M73S (EUR)
0,75%Ackumulerande
WisdomTree PHLX Semiconductor 3x Daily Leveraged ETPXS3091657729
3SEM (EUR)
0,75%Ackumulerande
WisdomTree PLHX Semiconductor 3x Daily Short ETPXS3091646797
3SES (EUR)
0,75%Ackumulerande

Produktutbudet inom Deutsche Börses ETF- och ETP-segment omfattar för närvarande totalt 2 484 ETFer, 202 ETCer och 265 ETNer. Med detta urval och en genomsnittlig månatlig handelsvolym på cirka 25 miljarder euro är Xetra den ledande handelsplatsen för ETFer och ETPer i Europa.

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