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Weekly ETF Monitor for week ending 12 January 2018

The S&P/ASX 200 declined 0.9% last week, dragged down by underperformance in the real estate and industrial sectors. The S&P 500 rose 1.6%, the EURO STOXX 50 gained 0.1%, while the MSCI Emerging Markets Index is up 4.3% so far in 2018. The energy sector outperformed on strengthening oil prices - FUEL was the top performing unleveraged equity fund for the week.

The Australian dollar continued its advance, moving above US79c. Most other majors also strengthened against the US dollar, with US jobs data missing expectations on Friday. The euro is now trading at three-year highs against the US dollar.

Oil prices moved to a three-year high above US$64/bbl. BetaShares Crude Oil Index ETF (OOO) was the top performing fund for the week. Precious metals also performed strongly, with gold up 1.4% and palladium continued its long-term trend upwards.

The Australian ETF market saw inflows of A$68m and outflows of A$29m from domestically domiciled ETFs last week. The largest inflows were into cash and fixed income funds (AAA, QPON and PLUS) and domestic equity funds (MVW and STW), while the largest outflows were from the domestic financial sector (QFN).