ETF Monitors


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

The risk-off theme continued into last week with uncertainty around the US government debt ceiling negotiations, Hurricane Irma and North Korea. The S&P/ASX 200 declined by 0.9% last week, the S&P 500 lost 0.6% and the Nikkei 225 dropped 2.1%, while the EURO STOXX 50 posted a modest gain. Domestic resource sector ETFs (MVR and QRE) were the top performing equity funds for the week. The US dollar weakened against most major currencies, with US Treasury yields registering their lowest levels for the year-to-date. The Australian dollar gained over 1%, ending the week at US80.6c. The euro gained 1.5% and the yen jumped 2.2% against the US dollar. Precious metals made strong gains last week, with gold up 1.6% and silver up 1.4%. ETFS Physical Silver (ETPMAG) was the top performing fund for the week, returning 2.9%. WTI Crude posted its first positive week since July, while Iron ore declined by 5.8%. The Australian ETF market saw inflows of A$71m and outflows of A$12m from domestically domiciled ETFs last week. Inflows were mainly into cash and fixed income funds (AAA and QPON), while outflows were from BetaShares Australian Dividend Harvester Fund (HVST). ...
Global equities performance was mixed. The S&P/ASX 200 declined 0.3%. The S&P 500 rose 0.1%, while the EURO STOXX 50 rose 0.6%. Agricultural and Resources ETFs (QAG and YANK) were the top performing equity funds for the week, while gold miners (GDX and MNRS) were amongst the poorest performers. The Australian dollar was down against other major currencies, weakened to US 76c after RBA kept interest rates unchanged and did not signal for a rate hike. The euro slightly dropped 0.2% against the US dollar. Global bonds yields climbed after a better-than-expected US jobs report offered support to the Federal Reserve's plan to raise interest rates, US 10 year Treasury yields up 0.08%. Australian 10 year government bond yields up 0.13%. Broad sell-off in commodities. Gold price fell 2.1% to US$1,216 an ounce on the propsect of another rate rise in the US. WTI crude price dropped 3.9% on the increased US production, iron ore price slipped 3.3%. The Australian ETF market saw inflows of A$171m and outflows of A$18m from domestically domiciled ETFs. ...