ETF Monitors

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Weekly ETF Monitor for week ending 1 February 2019

This week's highlights

  • Mining and resources stocks rallied strongly last week. VanEck Vectors Gold Miners ETF (GDX) was the top performing fund for the second week running, returning 5.1%, followed closely by BetaShares Global Gold Miners ETF (MNRS). Domestic resource sector ETFs (QRE, OZR ad MVR) were also amongst the top performers.

  • Domestic financial sector ETFs fell in advance of the release of the Hayne Royal Commission findings this week; MVB, OZF and QFN all dropped more than 3.5%.

  • Commodity ETFs generally had a strong week with oil (OOO), hedged gold (QAU) and silver (ETPMAG) all amongst the top performers. All five ETF Securities’ precious metals funds posted positive returns for the week.

  • Total flows into domestically domiciled ETFs were $193m for the week, while outflows totalled only $10m. The weeks largest inflows were into domestic equities (IOZ), A$ cash (BILL) and iShares Global Consumer Staples ETF (IXI).

  • Major domestic benchmark ETFs dominated trading volume last week. IXI, IAF, BILL and IXJ all seeing above average trading levels.

  • ETFS S&P Biotech ETF (CURE) has returned 13.0% in 2019 to-date, making it the top performing unleveraged equity ETF.