ETF Monitors

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Weekly ETF Monitor for week ending 24 July 2020

This week's highlights

  • Equity markets were mixed last week with high beta plays retreating from recent gains amid virus resurgences. Technology-related funds (LNAS, NDQ, and FANG) and healthcare funds (CURE and IXJ) underperformed, as did China funds (CNEW, CETF and IZZ). Gold mining ETFs (MNRS and GDX) were the top equity performers for the week.

  • Precious metals funds were the top performers across the board last week as gold neared its all-time highs, peaking above US$1,900/oz. Silver fund ETPMAG returned 15.4%, while platinum fund ETPMPT also posted a double digit weekly return. GOLD added 3.5%. US dollar weakness saw long AUD fund AUDS also amongst the top performers.

  • Total reported flows into domestically domiciled ETFs were $320m, while outflows totalled $68m. Cash fund AAA saw the biggest inflows for the week followed by BBOZ and GOLD. Broad equity funds STW and IVV saw the week’s biggest outflows.

  • BBOZ was the most traded fund for the week, followed by AAA. Nasdaq 100 fund NDQ saw above average volumes.

  • ETFS Physical Precious Metals Basket (ETPMPM) provides exposure to all four precious metals. Current allocations are 48% gold, 28% palladium, 18% silver and 6% platinum.