This week's highlights
Tech-related and growth funds posted strong gains last week with LNAS, HACK, CLDD and TECH all amongst the top-performing funds for the week. Active funds MOGL and LPGD also posted strong gains. Asia-focused funds underperformed, with IZZ, ASIA, IAA and HJPN all amongst the week’s poorest performers alongside gold mining funds MNRS and GDX.
Total reported flows into domestically domiciled ETFs were $325m, while outflows totalled just $21m. US equity funds IVV and NDQ saw the week’s biggest inflows, followed by ETFS Physical Gold (GOLD). Geared Australian equity fund GEAR saw the largest outflows for the week.
AAA was the most traded fund for the week, followed by VAS and IOZ. QUAL and VAP saw above average volumes.
ETFS Morningstar Global Technology ETF (TECH) offers exposure to global technology companies encompassing hardware, software and IT services. TECH aims to track movements in the Morningstar Developed Markets Technology Moat Focus Index, which comprises 25 to 50 technology companies screened using Morningstar’s proprietary moat ratings and valuation metrics.