ETF Monitors

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Weekly ETF Monitor for week ending 20 August 2021

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This week's highlights

  • Falling commodity prices in the face of weaker Chinese demand pushed the Australian dollar and domestic share market lower last week. YANK, a leveraged play in AUD weakness, was the overall top performing fund across the market. Bearish domestic equity fund BBOZ followed. Domestic resource sector funds QRE and OZR were the poorest performers of the week, dropping by more than 10% in the face of a plummeting iron ore price. Energy (FUEL), gold miners (MNRS) and agriculture sector shares (FOOD) were also amongst the week’s poorest performers. Global healthcare funds HTLH and IXJ, India fund IIND and global quality-factor funds QUAL and QLTY were the best performing long-only equity ETFs for the week.

  • Precious metals were mixed. Gold (GOLD) and silver (ETPMAG), which are heavily influenced by investment flows were strong performers for the week, with GOLD up 3.8%. Palladium (ETPMPD), which is a more purely industrial commodity was amongst the poorest performers, falling 10.2%. Oil fund OOO dropped 9.0%.

  • Total reported flows into domestically domiciled ETFs were $396m, while outflows totalled $106m. Domestic equity fund A200 saw the biggest inflows for the week, followed by global equity fund QUAL. Australian fixed income and cash funds IAF, AAA and PLUS.

  • VAS was the most traded fund for the week, followed by IOZ and VGS. IAF saw above average volumes.

  • ETFS Physical Gold (GOLD) returned 3.8% for the week. GOLD offers investors exposure to the price of physical gold bullion by holding fully-allocated metal in trust for investors. The A$ gold price jumped to levels not seen since early January, ending the week just below A$2,500 per fine troy ounce.