ETF Monitors

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Weekly ETF Monitor for week ending 13 May 2022

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This week's highlights

  • Have Chinese tech stocks like Alibaba and Tencent finally bottomed out? That may be one conclusion looking at last week’s top performing ETFs. Four of the top 10 performing ETFs – IAA, IZZ, CNEW, GAME – invested heavily in Chinese tech companies. However they also may be benefitting short-term from the Shanghai lockdown.

  • Meanwhile, it was another dire week for the BetaShares Crypto Innovators ETF, which lost 20.8% of its value. CRYP’s year-to-date performance was -57% and -75% since inception.

  • The ETF industry saw $650 million in reported gross inflows. iShares alone accounted for almost $390 million of them—the vast majority of which went into its core portfolio builders IOZ, IGB, IAF. The Nasdaq 100 ETF also saw inflows, meaning some investors are starting to buy the dip in US technology stocks.

  • The industry also lost $359 million in outflows. QPON alone accounted for $82 million of the outflows. The size of the outflow suggests a major holder may have exited.

  • Trading was dominated by ASX 200 and ASX 300 trackers as per usual. However, the twin bear funds from BetaShares – BBOZ, BBUS – saw huge trading volumes thanks to higher market volatility. That BBUS also featured in the top 10 outflow ETFs suggest most of its trading was investors selling.