ETF Monitors

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Weekly ETF Monitor for week ending 22 September 2017

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This week's highlights

  • Monetary policy was in the spotlight last week, with the US Fed announcing plans to begin winding down it's balance sheet. The S&P 500 dropped on the news, but finished the week slightly up. Elsewhere, the EURO STOXX 50 added 0.7% on strong PMI figures in the lead up to the weekend's German election. The Nikkei 225 gained 1.9%. Domestically, the S&P/ASX 200 declined by 0.2%. Global sector plays (BNKS, FUEL and IXP) and US small caps (IJR and IRU) were the top performing ETFs for the week.

  • The US dollar strengthened against most major currencies. The Australian dollar pulled back 0.5% to below US 80c.

  • Precious metals retreated further, with gold down 1.7% and silver down 3.4%. Iron ore dropped by 11.9% on Chinese demand concerns.

  • The Australian ETF market saw inflows of A$99m and outflows of A$13m from domestically domiciled ETFs last week. The largest inflows were into ETFS Physical Gold (GOLD) and iShares S&P/ASX 200 ETF (IOZ) as well as cash and floating rate income funds (AAA, QPON and FLOT).

  • ETF Securities launched ETFS Global Core Infrastructure ETF (CORE).