ETF Monitors

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Weekly ETF Monitor for week ending 13 September 2019

This week's highlights

  • A cooling in trade tensions, strong U.S. economic data and stimulus from the ECB contributed to a risk-on sentiment last week. Financial sector funds (BNKS and MVB) and high conviction growth funds such as RBTZ, ROBO and ACDC all performed strongly. Asia-focused funds HJPN and IKO were also amongst the top performers. The week’s best performing ETF was Vanguard Global Value Equity Active ETF (VVLU), which returned 5.8%.

  • Gold fell for a second consecutive week, with GOLD and PMGOLD, as well as gold mining funds (GDX and MNRS) all amongst the weeks’ poorest performers. Silver (ETPMAG) also declined, while palladium (ETPMPD) pushed-ahead to new all-time highs above US$1,600 per ounce.

  • Total flows into domestically domiciled ETFs were $308m, while outflows totalled $134m. The biggest inflows were into cash (AAA), domestic equities (STW and IOZ) and gold (GOLD). Outflows were from U.S. equities (IVV) and Australian government bonds (IGB).

  • AAA was the most traded fund last week, though the combined volume of IVV and IHVV made S&P 500 the most traded index exposure for the week. GOLD continued to trade above average volumes.

  • ETFS ROBO Global Robotics and Automation ETF (ROBO) returned 4.1% for the week, led higher by strong performances across the Industrial and Information Technology sectors in the U.S., Japan and Germany.