ETF Monitors

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Weekly ETF Monitor for week ending 14 December 2018

This week's highlights

  • Global equities fell last week on a lower growth outlook following below expectation economic data across the regions. The S&P/ASX 200 dropped 1.4% with resources being the only positive sector for the week. Resource sector ETFs (QRE and OZR) were the top performing long-only equity funds. Offshore, the S&P 500 fell 1.3%, with financials being hit hardest. The Nikkei 225 fell 1.4%, while the EURO STOXX 50 gained 1.1%.

  • U.S. 10-year Treasury yields rose 4 basis points and the U.S. dollar gained against most majors. The Australian dollar ended the week lower at US71.72c. Pound sterling continued to decline on further Brexit uncertainty.

  • Precious metals pulled-back, with gold down 0.8% to US$1,239/ounce. Palladium continued its run up and is now close to 50% above its August low. ETFS Physical Palladium (ETPMPD) returned 2.7% for the week. Crude oil fell 2.7% for the week, while the broad Bloomberg Commodity Index dropped 2.7%.

  • The Australian ETF market saw inflows of $164m into and outflows of $106m from domestically domiciled funds last week. The largest flows were into BetaShares Australia 200 ETF (A200), iShares Treasury ETF (IGB) and iShares S&P/ASX 200 ETF (IOZ).