ETF Monitors

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Weekly ETF Monitor for week ending 26 February 2021

This week's highlights

  • Equity market saw a volatile week with most major benchmarks finishing lower. Short Nasdaq-100 fund SNAS was the top performing fund for the week followed by BBUS. Australian resources funs QRE and OZR were the top performing unleveraged equity funds. LNAS was the biggest decliner for the week, followed by a range of tech-heavy funds including ATEC, ASIA, ESPO and HACK.

  • Precious metals were mixed, with palladium (ETPMPD) and silver (ETPMAG) posting positive weeks, while gold declined. Platinum (ETPMPT) was the biggest mover, ending the week 5.5% lower. Oil fund OOO gained 3.6% for the week. Currency funds YANK, EEU and USD were also amongst the top performers in the back of a lower AUD.

  • Total reported flows into domestically domiciled ETFs were $339m, while outflows totalled $147m. Nasdaq-100 fund NDQ and domestic property fund MVA saw the week’s biggest inflows, followed by a range of equity and fixed income funds. Hedged S&P 500 fund IHVV saw the biggest outflows or the week.

  • VAS was the most traded fund for the week, followed by IHVV and NDQ, which saw above average volumes.

  • ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) returned 11.7% for the week. SNAS provides inverse exposure to the Nasdaq-100 Index within a target range of -200% and -275% of its net asset value. Furthermore, SNAS is currency hedged to reduce exposure to movements in the AUD/USD exchange rate.