ETF Monitors

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Weekly ETF Monitor for week ending 24 January 2020

This week's highlights

  • Defensive equity funds were the flavour of the week with gold miners (GDX and MNRS), infrastructure (VBLD and CORE) and real estate (DJRE) topping the performance tables. Asia and emerging markets funds (IZZ, CETF, CNEW, IAA and VGE) were amongst the poorest performers. Energy company fund (FUEL) also suffered on falling crude prices.

  • Precious metals all gained, with the exception of silver. GOLD returned 1.2% for the week, while palladium (ETPMPD) touched new all-time highs before pulling-back. Crude oil dipped below US$54/bbl and oil ETF OOO declined 7.5% for the week.

  • Total flows into domestically domiciled ETFs were $364m, while outflows totalled $15m. SPDS S&P/ASX 200 Fund (STW) saw the largest inflows for the week, followed closely by a range of domestic equity (MVR and A200) and fixed income (AAA, QPON and CRED) funds. Emerging market equities (IEM) and gold (GOLD) also saw strong flows.

  • IOZ was the most traded fund last week, followed by VAS and STW. VHY and QPON saw above average volumes.

  • ETFS Global Core Infrastructure ETF (CORE) returned 1.6% last week and is up 5.8% year-to-date. CORE provides exposure to 75 listed-infrastructure firms from global developed markets that exhibit low volatility relative to their peers.