ETF Monitors

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The latest flows and performance insights into the top and bottom performing Australian ETFs.

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This week's highlights Have Chinese tech stocks like Alibaba and Tencent finally bottomed out? That may be one conclusion looking at last week’s top performing ETFs. Four of the top 10 performing ETFs – IAA, IZZ, CNEW, GAME – invested heavily in Chinese tech companies. However they also may be benefitting short-term from the Shanghai lockdown. Meanwhile, it was another dire week for the BetaShares Crypto Innovators ETF, which lost 20.8% of its value. CRYP’s year-to-date performance was -57% and -75% since inception. The ETF industry saw $650 million in reported gross inflows. iShares alone accounted for almost $390 million of them—the vast majority of which went into its core portfolio builders IOZ, IGB, IAF. The Nasdaq 100 ETF also saw inflows, meaning some investors are starting to buy the dip in US technology stocks. The industry also lost $359 million in outflows. QPON alone accounted for $82 million of the outflows. The size of the outflow suggests a major holder may have exited. ...
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This week's highlights Short tech, long commodities has been the trade of 2022. And we saw that again in last week’s performance figures. The best performing ETFs were in commodities: oil (OOO, FUEL) and platinum (ETPMPT). While the bottom performers were mostly tech-related. In an ominous sign for Australia’s residential property market, property ETFs – VAP, SLF, MVA – made rare appearances in the bottom performers. Property tends to do badly when interest rates rise. This is because most property transactions are debt-financed, and higher rates makes servicing debt harder. The industry saw $250m worth of inflows. The market gobbled up everything to do with the banks. BNKS, FLOT and HBRD were all in the top 10 inflow winners. Banks are thought to do well when interest rates rise as they can widen their net interest spreads. There were $44 million of outflows. Following performance, outflows were concentrated in the tech sector. ...