This week's highlights
Global markets began to retreat last week which meant inverse funds and precious metals began to perform well. ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) was up 18.4%, and precious metals ETFs ETFS Physical Palladium (ETPMPD) and ETFS Physical Platinum (ETPMPT) were up 7.3% and 7.1% respectively. Crypto assets were down heavily, with Cosmos Global Digital Miners ETF (DIGA) falling 22.2% for the week.
Net flows for the week remained positive at A$318m. This consisted of A$370m of inflows and A$52m of outflows. The best inflows were in BetaShares Australia 200 ETF (A200) and BetaShares Australian High Interest Cash ETF (AAA). Whilst the highest outflows were seen in SPDR S&P/ASX 200 Fund (STW).
ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) is a trading product offering negatively geared exposure to the Nasdaq-100 Index. SNAS provides exposure to the Nasdaq-100 Index within a target range of -200% and -275% of the SNAS net asset value. SNAS is up over 30% YTD.