ETF Monitors

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Weekly ETF Monitor for week ending 24 June 2022

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This week's highlights

  • Riskier technology exposures – like those using gearing, or those in biotech or cloud computing – were the top performing ETFs last week. Thanks to the market lowering its expectations of interest rate rises, investors warmed to growth stocks once more.

  • Metals-focussed funds were the laggards, as the global economic slowdown forced metal prices to give up their year of gains. Metals miners – such as gold mining and resources sector ETFs – and precious metals ETFs, made up seven of the bottom 10 performers.

  • LNAS and SNAS saw another week as the best and worst performing funds, as they benefited and lost out respectively from the rebound in the technology sector.

  • There was $165.5 million in reported inflows. Top 10 ETFs by inflows were all equity ETFs. This could signal that investors feel equity prices are more attractive at current levels relative to other assets.

  • There were $225.88 million in reported outflows, suggesting the ETF industry saw net outflows for the week. Fixed income ETFs made up almost half of the reported outflows. Fixed income outflows could owe to fears of further rate rises, higher inflation, or a rotation back to equities.

  • Trading volumes were concentrated in the usual suspects, with core Aussie and global shares ETFs making up the majority of the top 10 most traded.