ETF Monitors


Weekly ETF Monitor for week ending 23 June 2017

The S&P/ASX 200 declined by 1% last week as financial stocks continued to suffer from bank-levy related selling. The S&P 500  gained 0.2% as a rebound in technology stocks from the previous week's dip offset falls in the energy sector. The Nikkei 225 gained 1%, while the EURO STOXX 50 ended the week flat. ETFS Morningstar Global Technology ETF (TECH) was the top performing ETF for the week, while VanEck Vectors ChinaAMC A-Share ETF (CETF) benefited from the decision to include China A-shares in the MSCI Emerging Markets Index.
The Australian dollar ended the week 0.7% lower, suffering its worst week in two months on the back of lower commodity prices.
WTI crude declined 3.9% to US$43/bbl and officially entered a bear market. Precious metals dipped early in the week before finishing the week strongly. The broad Bloomberg Commodity Index declined 2% for the week.
The Australian ETF market saw inflows of A$226m and outflows of A$31m from domestically domiciled ETFs. The largest inflows were into broad-based domestic equity funds (STW, QOZ and IOZ) and BetaShares Australian High Interest Cash ETF (AAA). The bulk of outflows were from iShares S&P 500 AUD Hedged (IHVV).