This week's highlights
Global equity markets edged higher last week. Oil continued its strong streak and Silver performed well. The best performer over the week was ETFS Physical Silver (ETPMAG) up 3.7% and VanEck Vectors Video Gaming and eSports ETF (ESPO) was up 3%. The worst performers over the week were ETFS Physical Palladium (ETPMPD) down 5.8% and BetaShares S&P/ASX 200 Resources Sector ETF (QRE) down 2.7%.
Net flows for the week were A$368m. This consisted of A$459m of inflows and A$91m of outflows. The highest inflows were seen in iShares Core Cash ETF (BILL) and iShares Core Composite Bond ETF (IAF). Which had A$50m and A$31m respectively. The largest outflows were seen in BetaShares Global Energy Companies ETF (Hedged) (FUEL) which had A$41m of outflows.
ETFS-NAM India Nifty 50 ETF (NDIA) is up 26.4% year to date. It provides the only market beta listed exposure to the NSE Nifty50 Index. Which represents India’s largest 50 listed companies. India, historically a difficult market to access for investors, is now easily available through NDIA and provides investors a window to access one of the largest emerging markets in the world.