This week's highlights
Volatility crept back into global markets last week as inflation readings in the US spooked some investors and led to some sell offs.
China exposed ETFs were the best performers over the week, CNEW and CETF were both up over 3%. Goldminer ETF GDX and healthcare sector offering IXJ were also both up 2% and 1.4% respectively. The worst performers for the week were technology sector ETFs. Australian technology ETF ATEC was down 6% whilst ASIA was down 5.5%.
Net inflows for the week were A$144m which consisted of A$563m of inflows and outflows were A$419m. The biggest inflows were seen in IVV, IAF and AAA. The largest outflows were across IOZ, IHCB and IEM.
With inflation readings spiking last week some investors are turning towards a natural inflation hedge such as GOLD to counteract lower real yields. ETF Securities offers Australia’s largest fully physically backed gold ETP. GOLD offers investors a simple, cost-efficient and secure way to access gold by providing a return equivalent to the movements in the Australian dollar price of gold less a daily management fee.