ETF Monitors

Weekly ETF Monitor for week ending 16 August 2019

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Aug 20, 2019

This week's highlights Last week saw positive returns across safe heaven assets like precious metals and consumer staples as volatility continued. China focused ETFs also had a positive bounce with VanEck Vectors China New Economy ETF (CNEW) returning 4.5% and VanEck Vectors ChinaAMC A-Share ETF (CETF) up 3.9%. The worst performers over the week were resources ETFs which were impacted by falling iron ore prices. BetaShares S&P/ASX 200 Resources Sector ETF (QRE) was down 4.2%. Year to Date best performers are Gold miners, property and China focused ETFs. VanEck Vectors Gold Miners ETF (GDX) is up 40.4% and of the worst performers only 10 ETFs are in negative territory. Looking longer term, twelve months to date the best performers are precious metal related ETFs. ETFS Physical Palladium (ETPMPD) is the best performer returning 76% and ETFS Physical Gold (GOLD) is up 37.2%. The worst performers are energy and oil ETFs. BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) is down 18.1% over the period. Inflows for the week were seen mostly in GOLD as investors sought a safe haven given the global volatility over the last month. BetaShares FTSE 100 ETF (F100) also received heavy inflows from its recent launch. iShares Europe ETF (IEU) had outflows of 33.8 Million. Net flows for the ETF market were 77 Million, made up of inflows of 250 Million and outflows of 173 Million.

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Weekly ETF Monitor for week ending 9 August 2019

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Aug 13, 2019

This week's highlights Global equities dropped last week as U.S.-China tensions escalated. European markets were also hit by political instability in Italy and slowing industrial activity. Gold mining ETFs (MNRS and GDX) were the top performing equity funds for the week. Asia-Pac ETFs (CETF, CNEW, UBP and IKO) along with domestic strategy ETFs (HVST, FAIR and SYI) were amongst the poorest performers. The precious metal rally continued. Silver (ETPMAG), gold (GOLD, PMGOLD and QAU) and palladium (ETPMPD) were all amongst the week’s best performing funds, along with a precious metal basket ETF (ETPMPM). Total flows into domestically domiciled ETFs were $302m, while outflows totalled $142m. The biggest inflows were into domestic equities (A200, MVW and IOZ) and gold (GOLD). Floating rate cash products (QPON and FLOT) were also popular. Outflows were primarily from broad international equities (IVV, IEU, ESTX and IJP). A200 was the most traded fund last week, ahead of STW and A200. GOLD continued to trade well above its average volume on sustained investor interest. ETFS Physical Gold (GOLD) returned 3.8% for the week and is now up 20.7% year-to-date. Last week gold traded above US$1,500 for the first time since 2013 and continues to hit new all-time highs in A$ terms. With bond yields continuing to fall, currency wars on the horizon and geopolitical tensions on the rise, there is a strong case for holding gold as both a portfolio diversifier and store of value. Globally over US$9bn has flowed into physical gold ETFs so far in 2019.

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Weekly ETF Monitor for week ending 2 August 2019

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Aug 06, 2019

This week's highlights Global equities declined last week despite the Fed’s first rate cut since 2008. Infrastructure and property ETFs (VBLD, VAP and MVA) were amongst the top performing equity funds, while Asia-Pac ETFs (IKO, IZZ, UBP and IAA) were the biggest decliners. In precious metal markets gold continued its strong run, while palladium saw a big drop. GOLD and PMGOLD both returned 3.2%, while gold mining ETF (GDX) topped the returns table for equity funds. Palladium fund ETPMPD fell 7.7%. The Australian dollar fell to US 68c. U.S. dollar ETFs (YANK, USD and ZUSD) were all amongst the weeks top performers. Total flows into domestically domiciled ETFs were $339m, while outflows totalled $12m. The biggest inflows were into cash (AAA) and broad-based equity funds (A200 and IVV). GOLD continues to attract strong flows, with over $75m of inflows since the beginning of June. AAA was the most traded fund last week, followed by domestic equity funds (VAS, STW and A200). GOLD traded well above its average volume. ETFS Global Core Infrastructure ETF (CORE) returned 1.2% for the week and is now up 15.1% year-to-date. CORE uses a dynamic, rules-based approach to stock selection, choosing the 75 least volatile infrastructure stocks globally on a quarterly basis.

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Weekly ETF Monitor for week ending 26 July 2019

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Jul 30, 2019

This week's highlights Global equities advanced last week as the S&P 500 and Nasdaq 100 hit new all-time highs and the S&P/ASX 200 came close to doing likewise. Cyclical stocks outperformed, with ETFS Morningstar Global Technology ETF (TECH) topping the ETF performance charts. U.S. mid- and small-cap funds (IJH and IJR) and other tech-heavy funds including NDQ, HACK and ROBO followed. Global equity strategy funds including MGE and MOAT also posted strong weeks. Precious metal prices continued to rise ahead of the anticipated Fed rate cut this week. Platinum and silver were the biggest movers. Gold mining ETFs (MNRS and GDX) retreated. The Australian dollar fell below US 70c, driving unhedged ETFs higher. AUDS was the week’s poorest performing ETF, while YANK was amongst the top performers. Total flows into domestically domiciled ETFs were $307m, while outflows totalled $173m. The biggest inflows were into broad based domestic equity funds (A200 and IOZ), cash and fixed income funds (FLOT, QPON and AAA) and gold (GOLD). The largest outflows were from PLUS and STW. AAA was the most traded fund last week, while PLUS, QPON and FLOT all saw above average volumes as cash and fixed income funds dominated volumes. ETFS Morningstar Global Technology ETF (TECH) returned 5.0% for the week and is now up 29.9% year-to-date. Strong earnings from Google and across the semi-conductor industry propelled the sector higher. Morningstar’s moat methodology, which identifies quality companies with high levels of competitive advantage at attractive valuations, is used in TECH’s stock selection process.

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Weekly ETF Monitor for week ending 19 July 2019

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Jul 22, 2019

This week's highlights Global equities ended the week lower on ongoing geopolitical risks and mixed economic data. The Australian share market posted a modest gain, with small cap ETFs (SMLL and VSO) outperforming. Oil prices slumped on the prospect of easing U.S.-Iran tensions and demand concerns. OOO declined 7.5% for the week and global energy companies (FUEL) were also impacted. Technology heavy funds including NDQ and CNEW were also amongst the week’s poorest performers. Precious metals benefited from the risk-off sentiment, pushing higher. Spot gold added 0.7%, hitting new 6-year highs, while silver jumped 6.4%. ETPMAG was the week’s top performing ETF, while platinum (ETPMPT), gold (QAU and GOLD) and a basket of four precious metals (ETPMPM) were all amongst the top performers. Gold mining ETFs (MNRS and GDX) benefited, each adding over 6% for the week. Total flows into domestically domiciled ETFs were $199m, while outflows totalled $35m. The biggest inflows were into cash and fixed income funds (AAA, IAF, HBRD, CRED and ISEC). Gold (GOLD) also saw strong flows. The largest outflow was from UBA. STW and AAA were the most traded funds last week, while A200 and VHY saw above average volumes. ETFS Physical Silver (ETPMAG) returned 7.1% for the week and the metal is now trading at US$16.20 per ounce, over 14% above its May low. Silver has lagged gold in recent years, despite growing industrial demand from technology-related industries, with the closely-monitored gold-to-silver price ratio recently touching levels not seen since 1992.

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Weekly ETF Monitor for week ending 12 July 2019

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Jul 16, 2019

This week's highlights: Over the week BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) returned 4.7% and BetaShares Commodities Basket ETF - Ccy Hedged (QCB) was up 2.5%. This resembled a strong trend as much of the top performers were hedged commodity products. The worst performers over the week were Robotics and Property ETFs. BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ) ended the week down 3.5% and ETFS ROBO Global Robotics and Automation ETF (ROBO) was down 3.2%. YTD performance remains best among geared Australian and U.S. Equity funds with the worst performers conversely the Australian and U.S. bear funds. The best performers over the previous twelve months are ETFS Physical Palladium (ETPMPD) up 74.2% and VanEck Vectors Australian Property ETF (MVA) up 30.1%. Inflows for the week totalled $258 Million and outflows $107 Million. Notably SPDR S&P/ASX 200 Fund (STW) had outflows of $81.9 Million and BetaShares Australia 200 ETF (A200) had inflows of $60.5 Million. Cash, Bond and Gold ETFs also saw a steady inflows.

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