ETF Monitors

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

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The S&P/ASX 200 dropped 1.0% last week, as declines in banks and resources led the market lower. Trade concerns dragged on markets globally, with the EURO STOXX 50 declining by 1.3% and the Nikkei 225 dropping 0.8%. China's Shanghai Composite fell 4.6% and China and Asia focused ETFs (CETF, IZZ, PAXX and UBP) were amongst the poorest performers for the week. The S&P 500 added 0.8% with the U.S. growth outlook strengthening. U.S. defensive sectors outperformed last week with real estate, telecoms and health care being the top performing sectors. ETFS S&P 500 High Yield Low Volatility ETF (ZYUS), which has a defensive sector bias, returned over 2%. The Fed kept rates on hold, but reaffirmed its confidence in the U.S. economy. U.S. 10-year Treasury yields rose above 3% for the first time since May. The Bank of England raised rates for the second time since the Brexit referendum. Gold dropped 0.8% to US$1,215/ounce and other precious metals also retreated. WTI crude fell to US$68.49/bbl. The Australian ETF market saw inflows of $118m into and outflows of $145m from domestically domiciled funds last week. The largest inflows were into BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON) with notable inflows into a range of domestic and international equity funds including QUAL, MVW and QFN. SPDR S&P/ASX 200 Fund (STW) saw $140m of outflows. ...
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The S&P/ASX 200 added 0.2% last week, led higher by resources and energy sector stocks. Domestic resource sector ETFs, QRE and OZR, were amongst the top performers for the week, both returning 2.8%. The S&P 500 added 0.6% despite the IT sector declining as reporting season continued. The highlight was Facebook, which declined 16.7% for the week, leading the Nasdaq 100 Index 0.7% lower. U.S. financials fared much better - BetaShares Global Banks ETF (BNKS) returned 3.2% for the week. The EURO STOXX 50 Index rose 1.9% as Europe-U.S. trade talks progressed. In Asia the Shanghai Composite added 1.6%. The Australia dollar firmed to US74c, while the euro declined as the ECB confirmed its plans to end its asset purchasing programme this year. U.S. Treasury yields rose 6 basis points on an improved economic outlook as GDP grew by 4.1% in Q4. Commodities were mixed last week with WTI crude falling 2.5% to US$68.69/bbl. Gold dropped 0.4% to US$1,224/ounce. ETFS Physical Palladium (ETPMPD) was the top performing fund for the week, returning 4.3%, while gold mining ETFs (MNRS and GDX) were amongst the poorest performers. Bloomberg Industrial Metals Subindex rose 1.8% for the week. The Australian ETF market saw inflows of $102m into and outflows of $81m from domestically domiciled funds last week. The largest inflows were into iShares Core Cash ETF (BILL), while there were significant outflows from SPDR S&P/ASX 200 Fund (STW). ...