This week's highlights
Global stocks were mixed last week with gold miners, real estate and non-Japan Asia outperforming. VanEck Vectors Gold Miners ETF (GDX) was the top performing fund for the week, returning 3.7%, followed by iShares MSCI South Korea Capped ETF (IKO) at 3.5%.
Global energy and healthcare funds were amongst the poorest performers with FUEL, IXJ, CURE and DRUG all posting negative weeks. Australian financial sector ETFs also declined.
Inflows were also mixed with money moving into both long and short domestic equity funds (BBOZ, STW and EX20), global infrastructure (IFRA) and multifactor ETFs (WDMF and EMKT).
Outflows were primarily from domestic financial sectors (QFN), geared equity funds (GEAR and GGUS) and Europe (IEU).
Both BetaShares Australian High Interest Cash ETF (AAA) and BetaShares Australian Bank Snr Floating Rate Bond ETF (QPON) saw significant trading volume last week, while volumes in major equity benchmarks were well below longer-term averages.