ETF Monitors

Weekly ETF Monitor for week ending 1 December 2017

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Dec 01, 2017

The S&P/ASX 200 had a mixed week, ending 0.1% higher with Utilities and Energy sectors performing strongly, while Industrials and Materials lagged. The S&P 500 gained 1.5% as the US Senate passed the tax reform bill. Technology stocks sold off as investors rotated into defensive sectors in the US. US-focused ETFs with more defensive sector exposures performed strongly; QUS, MOAT and ZYUS were amongst the top performers for the week. Asia and emerging markets sold off, with UBP, IBK, IAA and IZZ all declining by more than 3.7%. The Australian dollar was relatively flat for the week. The euro and yen declined against the US dollar, while the pound sterling jumped over 1%, reaching a 2 month high.  Precious metals mostly declined; gold dropped 0.6% and silver fell 3.6%, while WTI crude dipped 1% and iron ore gained 3.2%. The Australian ETF market saw inflows of A$587m and outflows of A$36m from domestically domiciled ETFs last week. Inflows were largely into S&P/ASX 200 trackers (IZO and STW).

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Weekly ETF Monitor for week ending 1 September 2017

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Dec 01, 2017

The S&P/ASX 200 declined by 0.3% last week, dragged down by the financials and real estate sectors. ETFs in those sectors (MVB, QFN and OZF) were amongst the poorest performers for the week. Offshore, the S&P 500 added 1.4%, the Nikkei 225 gained 1.2% and the EURO STOXX 50 also posted a modest gain. The Australian dollar continued to range trade, ending the week 0.5% higher at US 79.75c. It has now traded almost exclusively within a US78-80c range for the past 7 weeks. The euro lost 0.5% against the US dollar, only its second weekly decline since June, while the yen also lost 0.8%. Precious metals made strong gains last week, with gold up 2.6% and silver up 3.9%. Gold and gold mining ETFs (GDX, MNRS and QAU) were amongst the top performers for the week. WTI Crude declined for a fifth consecutive week. The Australian ETF market saw inflows of A$65m and outflows of A$21m from domestically domiciled ETFs last week. Inflows were into broad-based equity funds (IOZ and SFY) and cash/fixed-income products (PLUS, QPON and FLOT). Outflows were primarily from BetaShares Australian High Interest Cash ETF (AAA).

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Weekly ETF Monitor for week ending 24 November 2017

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Nov 24, 2017

Equity markets rebounded last week with the S&P/ASX 200 up 0.4% and the S&P 500 gaining 0.9% and hitting a new record high. Europe and Asia also posted strong gains, with the EURO STOXX 50 up 1.0% and Hong Kong's Hang Seng up 2.3%. ETFS ROBO Global Robotics and Automation ETF (ROBO) was the top performing equity ETF last week, returning 2.6% for the week and 9.0% for the month as investor interest in the robotics, automation and AI theme continues to grow both in Australia and offshore. Australian resource sector ETFs also performed strongly with QRE, OZR and MVR all returning over 2%. The Australian dollar gained 0.7% last week, rising back above US 76c, while the euro gained 1.2% and the Japanese yen gained 0.5% against the US dollar. Precious metals mostly declined as risk-on sentiment returned; gold dropped 0.3% and silver fell 1.5%. WTI crude added 4.2%, ending the week above US$58/bbl for the first time in over 2 years. Iron Ore posted its third consecutive weekly gain, adding 8.5%. The Australian ETF market saw inflows of A$106m and outflows of A$107m from domestically domiciled ETFs last week. Inflows were into a range of domestic equity ETFs (QRE, QOZ and EX20), QPON and ROBO. ROBO has seen cumulative inflows of over A$26m since inception in mid-September.

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Weekly ETF Monitor for week ending 17 November 2017

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Nov 17, 2017

S&P/ASX 200 posted its worst weekly performance since June, declining 1.2% and falling back below 6,000 as risk assets sold off globally early last week, before recovering. The S&P 500 rebounded on tax reform progress and a strong CPI reading, ending the week down 0.1%. The EURO STOXX 50 and Nikkei 225 both declined by 1.3%. US small cap stocks performed strongly. iShares Core S&P SmallCap 600 ETF (IRJ) was the top performing ETF, returning 3% for the week. Non-Japan Asia also performed well with IKO and UBP amongst the top performing funds. The Australian dollar declined 1.3% to 0.7564, while the euro gained 1.1% against the US dollar and the Japanese yen gained 1.3%. BetaShares Euro ETF (EEU) was amongst the top performing ETFs for the week, returning 2.7%. Precious metals advanced last week, with gold up 1.4% and silver up 2.5%. WTI crude retreated modestly ahead of this month's OPEC meeting. The Australian ETF market saw inflows of A$134m and outflows of just A$2m from domestically domiciled ETFs last week. Inflows were into a range of equity and fixed income funds including STW, IOZ, PLUS and QPON.

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Weekly ETF Monitor for week ending 27 October 2017

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Oct 27, 2017

The S&P/ASX 200 ended last week flat after giving up earlier gains following the High Court's ruling on eligibility of MPs. The S&P 500 advanced 0.2%, with strong advances in the technology sector. The EURO STOXX 50 added 1.3% as the ECB announced an extension of its bond-buying programme, while in Japan the Nikkei 225 gained 2.6% following Abe's conclusive election victory. Japan-focused ETFs (IJP and UBJ) were amongst the top performers for the week returning over 4%. The Australian dollar dropped to its lowest levels since July, declining 1.8% to below US 77c. The euro dropped 1.5% on lower rate expectations. WTI crude gained 4.7% on concerns of OPEC supply cuts. Precious metals declined for the week in-line with US dollar strength, though gold ended the week strongly in response to political tensions in Spain. The Australian ETF market saw inflows of A$75m and outflows of A$126m from domestically domiciled ETFs last week. The largest inflows were into cash and fixed income funds (AAA, QPON and PLUS), while the majority of outflows were from SPDR S&P/ASX 200 Fund (STW).

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