ETF Monitors

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Weekly ETF Monitor for week ending 26 June 2020

This week's highlights

  • Volatility returned to equity markets last week with most markets ending the week in the red. Gold miners benefited from record gold prices, with GDX and MNRS being the top performing ETFs for the week. Bearish US (BBUS) and Australian (BBOZ) funds also performed well. Asian equities had a stronger week, with India ETFs (IIND and NDIA) performing strongly, alongside ASIA and IAA. Global energy (FUEL), US and global high yield equities (ZYUS and INCM) and global banks (BNKS) were all amongst the poorest performers.

  • Silver (ETPMAG) was the top performing commodity fund for the week, following by hedge gold (QAU). Gold continued its advance ending the week at US$1,771/oz, its highest since 2012.

  • Total reported flows into domestically domiciled ETFs were $331m, while outflows totalled just $40m. Cash fund AAA saw the biggest inflows for the week, followed by currency hedged global equities (IHML) and GOLD. Oil fund OOO saw the largest outflows.

  • BBOZ was the most traded fund for the week, followed by AAA. Healthcare fund IXJ saw above average volumes.

  • ETFS Reliance India Nifty 50 ETF (NDIA), which tracks the 50 largest companies listed on India’s NSE, returned 2.3% for the week. The fund is up over 15% since bottoming in late March amid COVID-19 lockdowns.