ETF Monitors

Weekly ETF Monitor for week ending 24 May 2019

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May 28, 2019

This week's highlights Aussie sectors, financials and resources soared last week off the back of a confidence boost from the LNPs win in the federal election. Financials also received a boost from APRAs proposal to remove the survivability buffer on home loans. Globally, markets were impacted by increasing trade war tensions between the U.S. and China as well as added uncertainty from May’s resignation. Unsurprisingly, VanEck Vectors Australian Banks ETF (MVB) and BetaShares S&P/ASX 200 Financials Sector ETF (QFN) were the best performers over the week, with MVB returning 6.9% and QFN 6.1%. The worst performers were BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) down 6.8%, BetaShares Asia Technology Tigers ETF (ASIA) down 5.1% and BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ) down 4.5%. The top flows for the week were seen by BetaShares Australian High Interest Cash ETF (AAA) and SPDR S&P/ASX 200 Fund (STW). Closely followed by BetaShares S&P/ASX 200 Financials Sector ETF (QFN) and BetaShares Australia 200 ETF (A200). Net inflows for Australian ETFs were a significant $313 Million. Looking longer term at performance over twelve months, ETFS Physical Palladium (ETPMPD) remains the best performer up 48.8% and VanEck Vectors Australian Property ETF (MVA) is up 28.1%. The worst performers are exchange listed hedge funds, with BetaShares Strong Australian Dollar Hedge Fund (AUDS) down 21.3% and BetaShares Australian Equities Strong Bear (BBOZ) down 24%.

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Weekly ETF Monitor for week ending 17 May 2019

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May 21, 2019

This week's highlights Resource sector ETFs (MVR, OZR and QRE) were the top performers for the week as iron ore prices rallied to 2-year highs on China demand and global supply concerns. Market positioning ahead of the Australian election saw domestic financial sector ETFs (MVB, QFN and OZF) underperform last week. Asia-focused ETFs were also hit by continuing U.S.-China trade concerns, with ITW, ASIA, IKO, IAA and CETF all amongst the worst performers. Total flows into domestically domiciled ETFs were $100m, while outflows totalled $48m. The biggest inflows were into domestic cash and fixed-income ETFs (AAA, IAF, RCB and PLUS). BetaShares Australian Equities Strong Bear ETF (BBOZ) also saw inflows ahead of the election. The bulk of outflows for the week were from SPDR S&P/ASX 200 ETF (ETF). STW and AAA were the most traded funds last week, while Vanguard Australian Property Securities Index ETF (VAP) saw above average volumes. ETFS EURO STOXX 50 ETF (ESTX) posted a strong 3.0% return for the week and has now returned 15.9% year-to-date as the European economy continues to show evidence of growth having bottomed-out in early 2019 and optimism returning.

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Weekly ETF Monitor for week ending 10 May 2019

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May 14, 2019

This week's highlights Global equity markets fell substantially last week as U.S. and China trade tensions escalated. Asia-focused ETFs were the hardest hit. The 10 worst performers for the week all included substantial Asian equity exposure, including iShares China Large-Cap (IZZ), VanEck Vectors ChinaAMC A-Share ETF (CETF) and iShares MSCI South Korea Capped ETF (IKO). Precious metals benefited from the risk-off sentiment with ETFS Physical Silver (ETPMAG) returning 1.3% for the week and gold funds (QAU, GOLD and PMGOLD) all amongst the top performers. Platinum also rallied. Domestic equities fared better, with resource sector (MVR) and property (MVA) funds posting positive returns for the week. Total flows into domestically domiciled ETFs were $83m, while outflows totalled $25m. The biggest inflows were into domestic equity ETFs (MVW and FAIR) and fixed income ETFs (AAA, CRED, HBRD and QPON). The biggest outflows for the week were from BetaShares Australia 200 ETF (A200) and international equity funds including IEU, IJH, FEMX and BNKS. STW and AAA were the most traded funds last week, while Magellan Global Equities Fund (MGE) saw above average volumes. ETFS Global Core Infrastructure ETF (CORE) posted a marginally positive return for the week and has now returned 8.8% year-to-date. It’s positive performance last week was despite a 30% allocation to Asia, demonstrating the important role of infrastructure assets in a portfolio and their ability to provide stability and aid diversification.

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Weekly ETF Monitor for week ending 3 May 2019

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May 07, 2019

This week's highlights The best performers over the week were iShares MSCI Taiwan ETF (ITW) up 2.1% and UBS IQ MSCI Asia APREX 50 Ethical ETF (UBP) up 2%. The worst performers were dominated by miners, physical commodities and property. ETFS Physical Palladium ETF (ETPMPD) and BetaShares Global Gold Miners ETF (Hedged) (MNRS) were both down 4.7%. The SPDR S&P/ASX 200 Listed Property Fund (SLF) and VanEck Vectors Australian Property ETF (MVA) were both down -4.2%. Over twelve months ETFS Physical Palladium ETF (ETPMPD) remains the best performer with a return of 48.9%. ETFs tracking Morningstar’s moat focused index methodologies have also performed well. VanEck Vectors Morningstar Wide Moat ETF (MOAT) has returned 29.7% and ETFS Morningstar Global Technology ETF (TECH) is up 29.1%. The market saw inflows of $116 Million over the week and outflows of $98 Million. The best flows for the week were seen by Australian based ETF offerings including, VanEck Vectors Australian Equal Weight ETF (MVW), BetaShares Australian High Interest Cash ETF (AAA) and BetaShares Australian Investment Grade Corporate Bond ETF (CRED). The biggest outflows were across BetaShares U.S. Dollar ETF (USD) and ETFS Physical Gold (GOLD). Looking closer at weekly, year to date and 12 month turnover. Australian focused strategies STW, VAS and AAA hold the top three rankings.

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Weekly ETF Monitor for week ending 26 April 2019

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Apr 30, 2019

This week's highlights Equity markets rose last week on strong U.S. corporate earnings, particularly across technology, communication and consumer sectors. BetaShares Global Cybersecurity ETF (HACK) was the top performing fund for the week and ETFS Morningstar Global Technology ETF (TECH) was also amongst the top performers. Healthcare and biotechnology funds (IXJ, CURE and DRUG) also performed well. China ETFs (CNEW and CETF) declined as economic stimulus expectations receded. Precious metals all rose last week, with ETFS Physical Palladium ETF (ETPMPD) up 4.2%, while the broader commodity universe (QCB) fell. The US dollar rose amongst most majors, including a 1.5% gain against the Aussie. Total flows into domestically domiciled ETFs were $108m for the week, while outflows totalled $93m. The biggest inflows were into Australian fixed-income funds including BOND, IAF and AAA. Despite inflows into IOZ, S&P/ASX 200 (and similar) funds saw net outflows of close to $40m. STW and BOND were the most traded funds last week. ETFS Morningstar Global Technology ETF (TECH) has posted a strong 26.9% total return since the start of 2019, and is now close to 10% above its previous highs in September 2018.

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Weekly ETF Monitor for week ending 19 April 2019

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Apr 24, 2019

This week's highlights Equity markets mostly rose last week on a strong start to the U.S. earnings season and positive economic data in both the U.S. and China. Financials had a strong week with domestic ETFs (MVB, OZF and QFN) and global fund BNKS all amongst the top performers. China and Taiwan ETFs (CETF and ITW) returned in excess of 2% for the week, while technology and industrial heavy robotics-focused funds, RBZT and ROBO also posted strong performances. VanEck Vectors China New Economy ETF (CNEW) is the top performing ETF in 2019-to-date, returning 39.1%. Resource sector funds (OZR and QRE) as well as global gold mining funds (MNRS and GDX) lagged for the week. Global healthcare sector ETFs (IXK, DRUG and CURE) were the poorest performers on investor concerns relating to U.S. drug pricing reforms. Total flows into domestically domiciled ETFs were $119m for the week, while outflows totalled $27m. The biggest inflows were into broad-based Australian and U.S. equity funds (STW and IVV). Fixed income funds also attracted significant attention with ILB, IAF, CRED, AAA and BNDS all seeing net asset growth. The biggest outflows for the week were from domestic cash (ISEC), leveraged domestic equities (GEAR) and Europe (IEU). STW and AAA were the most traded funds last week, while USD and VAF saw above average volumes. ETFS ROBO Global Robotics and Automation ETF (ROBO) has posted a strong 24.9% total return since the start of 2019, and is now close to surpassing its September 2018 highs prior to the sell-off and market volatility in Q4 last year.

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