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Weekly ETF Monitor for week ending 20 September 2019

This week's highlights

  • Oil rallied strongly following an attack on Saudi Arabia’s infrastructure. OOO returned 6.1% for the week. Gold returned to positive territory, having taken a breather over recent weeks, while palladium (ETPMPD) continued to reach new all-time highs. Gold mining funds (GDX and MNRS) were amongst the weeks’ top performers.

  • The U.S. dollar strengthened last week, with the Australian dollar falling more than 1c to U.S. 67.66c. YANK was amongst the week’s top performing ETFs, while AUDS was the poorest performer for the week.

  • Total flows into domestically domiciled ETFs were $163m, while outflows totalled $65m. The biggest inflows were into domestic equities (STW, MVW and A200), gold (GOLD), and fixed income (IAF, CRED, HBRD). Outflows were from Australian financial sector stocks (QFN) and U.S. equities (IVV).

  • VAS was the most traded fund last week, followed by STW. QFN traded above average volumes, while GOLD continued to be in strong demand.

  • ETFS Reliance India Nifty 50 ETF (NDIA) returned 3.4% for the week, including a 6.2% jump on Friday as the Modi government cut the basic corporate tax rate from 30% to 22% to stimulate economic growth.