ETF Monitors

Weekly ETF Monitor for week ending 21 September 2018

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Sep 25, 2018

This week's highlights The S&P/ASX 200 gained 0.5% last week, attributable to the resources sector. Offshore developed markets gained, the S&P 500 was up again by 0.9%, while the EURO STOXX 50 gained 2.6%. Japan's Nikkei 225 also gained 3.4%. ETFS Physical Palladium (ETPMPD) had another strong week returning 4.3%, whilst the VanEck Vectors ChinaAMC A-Share ETF (CETF) was the best performing, with a return of 4.4% for the week.  The U.S. dollar weakened last week. The Australian dollar gained 1.9% to reach US72.9c. U.S. 10-year Treasury yields increased by 7 basis points.  Commodities were up. Gold ended the week at US$1,200/ounce, while Silver gained 1.7%. WTI crude gained 2.6% to US$70.78/bbl. The Bloomberg Commodities Industrial Metals Index also gained, up 2.36%. The Australian ETF market saw inflows of $113m into and outflows of $29m from domestically domiciled funds last week. The largest inflows were into equity ETFs including MVW, STW, FAIR and MVR. Outflows were spread across a range of different exposures.

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Weekly ETF Monitor for week ending 14 September 2018

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Sep 18, 2018

The S&P/ASX 200 gained 0.4% last week, with resources stocks bouncing back. Offshore developed markets gained, the S&P 500 was up by 1.2%, while the EURO STOXX 50 gained 1.6%. Japan's Nikkei 225 also gained 3.5%. ETFS Physical Platinum (ETPMPT) had another strong week returning 3.2%, whilst the Betashares WisdomTree Japan ETF was the best performing, with a return of 3.5% for the week. Asian stock markets have had a mixed year, with Chinese equities continuing to struggle compared to Japan and Taiwan (see Chart of the Week). The U.S. dollar weakened last week. Currency pressure continues in emerging markets including Argentina, Turkey, Brazil, Russia and South Africa. The Australian dollar gained 0.7% to reach US71.53c, after hitting a two year low a week earlier. U.S. 10-year Treasury yields increased by 6 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,195/ounce, while Silver fell 0.8%. WTI crude gained 1.8% to US$68.99/bbl. The Bloomberg Commodities Industrial Metals index fell 0.2%. The Australian ETF market saw inflows of $118m into and outflows of $22m from domestically domiciled funds last week. The largest inflows were into cash ETFs (BILL, AAA and ISEC) and domestic funds (MVW and IOZ). Outflows were spread across a range of different exposures.

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Weekly ETF Monitor for week ending 7 September 2018

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Sep 11, 2018

The S&P/ASX 200 fell 2.8% last week, the RBA kept rates on hold and market futures are pointing towards a flat period ahead. Offshore the sea of red continued, the S&P 500 fell by 1.0% led by technology stocks, while the EURO STOXX 50 dropped 2.9%. Asian stocks, also fell by 2.4%. ETFS Physical Palladium (ETPMPD) and BetaShares Australian Equities Strong Bear (BBOZ) both had a strong week, returning 5.5% and 7.0% respectively. The U.S. dollar strengthened last week on rising global uncertainty in emerging markets. Currency pressure continuing to grow in emerging markets. Argentina, Turkey, Brazil, Russia and South Africa all continuing to drop. The Australian dollar fell 1.1% to US71.07c, its new lowest level since late-2016. U.S. 10-year Treasury yields increased by 8 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,197/ounce, while Silver slumped 2.5%. WTI crude fell 2.9% to US$67.75/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.4%. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into equity ETFs (STW and NDQ) and domestic funds (MVW, QPO and HBRD). Outflows were spread across a range of different exposures. ETF Securities has launched ETFS Battery Tech & Lithium ETF (ACDC), which provides exposure to developers of battery storage technology and lithium miners. Trading on the ASX commenced on 3rd September.

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Weekly ETF Monitor for week ending 31 August 2018

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Sep 04, 2018

The S&P/ASX 200 added 1.2% last week, led higher by financial and mining stocks as the market digested the change of leadership and cabinet reshuffle. Offshore, the S&P 500 gained 0.9%, while the EURO STOXX 50 dropped 1.0%. Emerging markets underperformed, with Argentina joining Turkey as a country of focus. Asian stocks, however, performed strongly with ITW, IKO and IJP all amongst the top performing ETFs for the week. ETFS ROBO Global Robotics and Automation ETF (ROBO) also had a strong week, returning 4.4%. The U.S. dollar strengthened last week on rising global uncertainty and higher rate expectations following the release of the latest FOMC minutes. The Australian dollar fell 1.9% to US71.89c, its lowest level since late-2016. U.S. 10-year Treasury yields increased by 5 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,204/ounce, while palladium jumped 4.9%. WTI crude gained 1.6% to US$69.80/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.7% and copper hit a 12-month low on emerging market concerns and the stronger U.S. dollar. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into cash ETFs (AAA and BILL) and domestics equity funds (MVW, A200 and KSM). Outflows were spread across a range of different exposures. ETF Securities has launched ETFS Battery Tech & Lithium ETF (ACDC), which provides exposure to developers of battery storage technology and lithium miners. Trading on the ASX commenced on 3rd September.

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Weekly ETF Monitor for week ending 24 August 2018

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Aug 28, 2018

The S&P/ASX 200 declined by 1.5% last week, led lower by the big four banks, as the Liberal Party elected the country's sixth Prime Minister in the past 10 years. Financial sector ETFs (MVB, QFN and OZF) were the poorest performers for the week, all declining by more than 4%. Offshore, markets rallied on expected advances in trade negotiations. The S&P 500 added 0.9% as technology and energy stocks continued to push higher. The EURO STOXX 50 gained 1.6%, its first weekly gain in four weeks, while the Nikkei 225 added 1.5%. The U.S. dollar softened and Treasury yields fell as President Trump and Jerome Powell both spoke of a gradual pace to interest rate rises. The Australian dollar gained 0.2% to end the week at US73.29c. The euro gained 1.6% against the dollar. Commodities rebounded last week, with the broad Bloomberg Commodities Index up 0.4%. WTI Crude jumped by 4.3%. Precious metals also rose, with gold up 1.8% to US$1,205/ounce. ETFS Physical Palladium (ETPMPD) was amongst the top performing funds for the week, returning 3.4%. The Australian ETF market saw inflows of $114m into and outflows of $21m from domestically domiciled funds last week. The largest inflows were into BetaShares Australian Ex-20 Portfolio Diversifier ETF (EX20), with other notable inflows into AAA, WDMF, MVW and QUAL. The largest outflows were from BetaShares Dividend Harvester Fund (HVST) and BetaShares U.S. Dollar ETF (USD).

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