This week's highlights
Resources and commodity stocks outperformed last week, dominating the top performing ETFs for the week. Palladium continued its renewed rally, with ETPMPD returning 8.8% for the week. S&P/ASX 200 Resources Sector funds (QRE and OZR) returned close to 5%, while agriculture (QAG), precious metals (ETPMPM) and gold miners (GDX) all gained in excess of 4%.
China rallied on economic stimulus measures despite the Hong Kong protests with both CNEW and CETF amongst the top performers.
Oil (OOO), energy company (FUEL) and long Australian dollar (AUDS) funds were amongst the poorest performers for the week.
Total flows into domestically domiciled ETFs were $73m, while outflows totalled $11m. The biggest inflows were into VanEck Vectors Australian Equal Weight ETF (MVW) and a range of domestic fixed income/hybrid funds (CRED, HBRD and IAF).
AAA was the most traded fund last week, while CRED and VAP saw above average volumes.
ETFS Morningstar Global Technology ETF (TECH) returned 1.5% for the week and is up 18.5% year-to-date. It provides exposure to the global technology sector with a tilt to attractively valued firms, using Morningstar’s moat methodology.