This week's highlights
Globally, Chinese stocks rebounded last week as well as throughout Asia. Reporting season continued to see mixed results for Australia and the U.S. VanEck’s China focused ETFs CNEW and CETF lead the performance tables for the week. The ETFS Physical Platinum (ETPMPT) was the top performing commodity ETF for the week.
Global and domestic bear products were the worst performers over the week as global and domestic markets continued their upward trend from January’s strong rally.
Looking longer term, ETFS Physical Palladium (ETPMPD) remains the best performer over 12 months with 57.1% return. The physically backed metal has now reached over US$1,400/oz.
Total flows for the week were dominated by cash and fixed income products including AAA, IAF and PLUS. With the ETF market seeing positive inflows of $50.3 million .
Trading volumes were again highest among beta ETFs, with Magellan’s MGE making the top 10 for the week.