This week's highlights
The rebound in equity markets continued last week. Healthcare (Biotechnology) and technology sectors provided many of the top performing ETFs for the week with FANG and CURE returning 10.1% and 8.7% respectively. Precious metals GOLD and ETPMPD are the top performers year to date.
Oil continued its slide, with OOO dropping 14.7% for the week and oil futures moving well into uncharted territory.
Total flows into domestically domiciled ETFs were $225m, while outflows totalled $133m. International bear equity fund BBUS saw the biggest inflows, while funds OOO, BBOZ and IOZ also saw strong flows. Australian portfolio diversifier fund EX20 saw the week’s biggest outflows.
Bearish domestic fund BBOZ was the most traded fund for the second week running, followed by broad-based funds VAS and STW.
ETFS FANG+ ETF (FANG), which tracks the performance of technology leaders such as Apple, Alphabet (Google), Amazon, Facebook and Netflix, returned 10.1% for the week and is now up 7.8% since its inception at the end of February 2020.