ETF Monitors

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

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US-China trade tensions dominated financial markets last week. The S&P 500 fell by 1.4%, with technology and industrial stocks leading the decline. The VIX peaked above 24.0 on Tuesday. In Europe, PMI data failed to meet expectations, but the EURO STOXX 50 still added 1.4%. Domestically, the S&P/ASX 200 gained 0.5%. Australian resource sector ETFs were amongst the best performers last week, with MVR, QRE and OZR all returning in excess of 1.6%. The Australian dollar range traded last week, ending slightly higher at US 76.84c. The U.S. dollar gained against both the euro and yen. U.S. and Australian treasury yields both rose. WTI crude oil dropped 4.4% for the week. Gold gained 0.6% as investors looked to diversify out of volatile equity markets. Platinum declined 1.6% and palladium dropped 5.0% as auto-industry concerns around U.S. - China trade tariffs heightened. Palladium was further impacted by potential sanctions on Russia, the world's largest producer. ETPMPD, OOO and ETPMPT were all amongst the poorest performing funds for the week. The Australian ETF market saw inflows of $27m into and outflows of $246m from domestically domiciled funds last week. Inflows were spread across a range of equity and fixed income funds. iShares S&P/ASX 200 ETF (IOZ), saw redemptions of $185m and BetaShares Australian High Interest Cash ETF (AAA) lost $56m in assets. ...
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Global stocks retreated as volatility returned last week. Trade war fears, White House uncertainty and the Facebook data scandal combined with tightening monetary policy in the U.S. spooked markets worldwide. The S&P 500 declined 6.0%, its worst week in over 14 months, while the VIX peaked above 26 late on Friday. Elsewhere, the EURO STOXX 50 declined 4.1% and the Nikkei 225 fell 4.9%, while locally the S&P/ASX 200 dropped 2.2%. U.S. focused ETFs were the poorest performers for the week, with the technology sector hardest hit. NDQ declined 7.2%, IVV and SPY were both down 6.1% and TECH also dropped 6.1%. Crude oil, gold and gold mining ETFs were the top unleveraged plays for the week. The Australian dollar retreated 0.7% against the USD to end the week just below US 77c. The U.S. Fed Reserve raised its target rate by 25 basis points and signalled a faster pace of tightening than previously expected. The Japanese yen gained 1.2% against the U.S. dollar to reach its highest level since November 2016, while the euro gained 0.5% to sit just below its recent three-year high. WTI crude oil jumped 5.7% as inventories dropped, to end the week at US$65.88/bbl. Precious metals gained, with gold adding 2.5% to US$1,347 and silver adding 1.4% on safe-haven buying. The Australian ETF market saw inflows of $209m into and outflows of $31m from domestically domiciled funds last week. The largest inflows were into domestic equity funds with the biggest movers being STW, adding $110m, and resource sector ETF QRE adding $41m. ...
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