ETF Monitors

Weekly ETF Monitor for week ending 22 February 2019

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Feb 25, 2019

This week's highlights Globally, Chinese stocks rebounded last week as well as throughout Asia. Reporting season continued to see mixed results for Australia and the U.S. VanEck’s China focused ETFs CNEW and CETF lead the performance tables for the week. The ETFS Physical Platinum (ETPMPT) was the top performing commodity ETF for the week. Global and domestic bear products were the worst performers over the week as global and domestic markets continued their upward trend from January’s strong rally. Looking longer term, ETFS Physical Palladium (ETPMPD) remains the best performer over 12 months with 57.1% return. The physically backed metal has now reached over US$1,400/oz. Total flows for the week were dominated by cash and fixed income products including AAA, IAF and PLUS. With the ETF market seeing positive inflows of $50.3 million . Trading volumes were again highest among beta ETFs, with Magellan’s MGE making the top 10 for the week.

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Weekly ETF Monitor for week ending 15 February 2019

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Feb 19, 2019

This week's highlights Global stocks gained last week with energy, industrials and materials sectors outperforming as U.S./China trade talks progressed. VanEck Vectors China New Economy ETF (CNEW) and ETFS ROBO Global Robotics and Automation ETF (ROBO) were the top performing unleveraged equity funds for the week. High growth plays including RBTZ, CURE and IJR also posted strong gains. Domestic financial sector ETFs were amongst the week's worst-performers as the post-Royal Commission bounce receded; MVB, OZF and QFN all dropped more than 1.4%. Commodity ETFs were mixed with OOO returning 5.4% on reports of lower global oil production. Precious metals mostly declined modestly, with the exception of palladium (ETPMPD), which continued to hit new highs on growing demand and tight supply. Total flows into domestically domiciled ETFs were $54m for the week, while outflows totalled $22m. The week's largest inflows were into a mix of funds including CNEW, BBOZ, HBRD and FAIR. The largest outflows were from GEAR, IEU and IJH. Trading volume was dominated by the usual suspects; STW, VAS, IVV and AAA, with above average trading seen in NDQ, BBOZ and QOZ. ETFS S&P Biotech ETF (CURE) continues to be 2019’s top performing unleveraged equity fund, having gained 18.6% YTD.

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Weekly ETF Monitor for week ending 8 February 2019

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Feb 12, 2019

This week's highlights The fallout from the Royal Commission was the biggest driver of domestic equity returns last week as most financial stocks rebounded. Financial sector ETFs (OZF, QFN and MVB) all returned in excess of 6% for the week. Bank-heavy domestic dividend-focused ETFs also performed strongly with SYI, FDIV, RDV, ZYAU and VHY all returning more than 4%. Global equities were broadly negative for the week. BetaShares WisdomTree Japan ETF (HJPN), which fell 2.0%, was the poorest performing broad-based international equity fund for the week. The Australian dollar saw significant movement last week, dropping nearly 2c against the US$. YANK returned 6.3%, while AUDS fell 5.2%. Unleveraged funds ZUSD and USD both returned more than 2%. Precious metals continued to outperform, with ETFS Physical Gold (GOLD) up 2.1% and ETFS Physical Palladium (ETPMPD) adding a further 4.3%, taking its 12 month total return to nearly 55%. Oil declined, with OOO dropping 3%. Total flows into domestically domiciled ETFs were $87m for the week, while outflows totalled $61m. The week’s largest inflows were into VanEck’s domestic property and equally-weighted equity funds (MVA and MVW), while the biggest outflows were from QPON and A200. Vanguard Australian Shares ETF (VAS) was the most traded ETF last week, well-exceeding its long-term average turnover. Vanguard MSCI Index International Series (Hedged) (VGAD) also saw notable activity. Three of ETF Securities’ Future Present range of ETFs (CURE, TECH and ROBO) have returned more than 10% YTD in a sign that growth stocks are returning to favour.

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Weekly ETF Monitor for week ending 1 February 2019

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Feb 05, 2019

This week's highlights Mining and resources stocks rallied strongly last week. VanEck Vectors Gold Miners ETF (GDX) was the top performing fund for the second week running, returning 5.1%, followed closely by BetaShares Global Gold Miners ETF (MNRS). Domestic resource sector ETFs (QRE, OZR ad MVR) were also amongst the top performers. Domestic financial sector ETFs fell in advance of the release of the Hayne Royal Commission findings this week; MVB, OZF and QFN all dropped more than 3.5%. Commodity ETFs generally had a strong week with oil (OOO), hedged gold (QAU) and silver (ETPMAG) all amongst the top performers. All five ETF Securities’ precious metals funds posted positive returns for the week. Total flows into domestically domiciled ETFs were $193m for the week, while outflows totalled only $10m. The weeks largest inflows were into domestic equities (IOZ), A$ cash (BILL) and iShares Global Consumer Staples ETF (IXI). Major domestic benchmark ETFs dominated trading volume last week. IXI, IAF, BILL and IXJ all seeing above average trading levels. ETFS S&P Biotech ETF (CURE) has returned 13.0% in 2019 to-date, making it the top performing unleveraged equity ETF.

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Weekly ETF Monitor for week ending 25 January 2019

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Jan 30, 2019

This week's highlights Global stocks were mixed last week with gold miners, real estate and non-Japan Asia outperforming. VanEck Vectors Gold Miners ETF (GDX) was the top performing fund for the week, returning 3.7%, followed by iShares MSCI South Korea Capped ETF (IKO) at 3.5%. Global energy and healthcare funds were amongst the poorest performers with FUEL, IXJ, CURE and DRUG all posting negative weeks. Australian financial sector ETFs also declined. Inflows were also mixed with money moving into both long and short domestic equity funds (BBOZ, STW and EX20), global infrastructure (IFRA) and multifactor ETFs (WDMF and EMKT). Outflows were primarily from domestic financial sectors (QFN), geared equity funds (GEAR and GGUS) and Europe (IEU). Both BetaShares Australian High Interest Cash ETF (AAA) and BetaShares Australian Bank Snr Floating Rate Bond ETF (QPON) saw significant trading volume last week, while volumes in major equity benchmarks were well below longer-term averages.

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Weekly ETF Monitor for week ending 18 January 2019

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Jan 22, 2019

This week's highlights Global equities improved again last week led by the Financials sector. Geared Equity ETF (GGUS) and Finance Sector ETF (BNKS) led the way with gains on 6.9% and 4%. Oils strong start to the year continued up again last week. OOO returning 4.1% for the week and 18.2% year to date. Looking longer term, ETPMPD remains the best performer over 12 months with a return of 37.4%. With property, technology and infrastructure ETFs all posting double digit growth. In terms of net flows, domestic equity and geared funds had the most redemptions, whilst there were significant flows into sustainability ETFs.

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