ETF Monitors

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Weekly ETF Monitor for week ending 10 January 2020

This week's highlights

  • Asian equities dominated the top performing funds last week, with CNEW, ASIA, IKO and IAA all returning 3.5% or more. Australian shares also had a strong week with the S&P/ASX 200 reaching new all-time highs. DIV and ILC were the week’s best performing domestic equity funds. Global banks (BNKS), gold miners (GDX and MNRS) and a range of commodity funds were the biggest decliners for the week.

  • Precious metals were mixed. Gold rallied to 6-year highs following Iran’s military action against U.S. assets, before pulling-back as tensions eased. ETFS Physical Gold (GOLD) finished the week 1.0% higher. ETFS Palladium (ETPMPD) soared 7.5% to new all-time highs, while platinum and silver declined. Crude oil spiked above US$65/bbl before dropping sharply. OOO declined 6.3% for the week.

  • Total flows into domestically domiciled ETFs were $368m, while outflows totalled $72m. iShares Core MSCI World All Cap ETF (Hedged) (IHWL) saw the largest inflows for the week, followed by a range of equity, fixed income and commodity funds. Domestic equity funds IOZ and STW saw the bulk of the week’s outflows.

  • VAS was the most traded fund last week, followed by SWT and IOZ. IHWL and GOLD saw above average volumes.

  • ETFS Morningstar Global Technology ETF (TECH) returned 38.1% in 2019 and is already up 4.4% in 2020. TECH provides equally-weighted exposure to a diverse range of technology companies that have strong competitive advantages in their field and are attractively valued, as determined by Morningstar’s analyst ratings.