ETF Monitors

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Weekly ETF Monitor for week ending 19 June 2020

This week's highlights

  • Equity markets rallied last week with high beta technology and small cap funds posting the top performances. ETFS S&P Biotech ETF (CURE) was the week’s top performer, returning 8.3%. Technology focused funds ATEC, ASIA, TECH and FANG were all amongst the best performers. Domestic and international small cap funds KSM, MVS and IMPQ also performed strongly. Real estate (DJRE) and resources funds (QRE and OZR) were amongst the poorest performers.

  • Oil fund OOO continued to benefit from the rebound in the global crude market, returning 7.7%. Gold held firm at close to US$1,750/oz, while other precious metals mainly declined.

  • Total reported flows into domestically domiciled ETFs were $313m, while outflows totalled just $78m. GOLD saw the biggest inflows for the week, followed by bearish fund BBOZ. Multifactor fund WDMF saw the largest outflows.

  • BBOZ was the most traded fund for the week, followed by domestic equity fund IOZ. OOO again saw above average volumes.

  • ETFS S&P Biotech ETF (CURE) invests in over 130 US-listed biotechnology firms. Renewed focus on the sector since the advent of the COVID-19 pandemic has seen the fund return 14.5% since the end of February and strongly outperform the broader US equity market.