ETF Monitors


Weekly ETF Monitor for week ending 26 March 2021


This week's highlights

  • Defensive stocks came to the fore last week as some big technology names took a hit. Infrastructure fund VBLD was the week’s top performing ETF, up 4.3%, followed by consumer staples fund IXI. Global quality (QUAL), income (INCM) and high yield/low volatility (ZYUS) funds were also amongst the top performers. Biotech fund CURE saw the biggest drop for the week, down 6.7%, while gold miners (MNRS), Asia tech (ASIA) and FAANG stocks (FANG) also declined.

  • Precious metals were mixed, with silver (ETPMAG) amongst the biggest decliners, but other metals advanced. The Aussie dollar dropped below US 77c, with strong dollar fund YANK amongst the top performing ETFs and strong AUD fund AUDS amongst the poorest.

  • Total reported flows into domestically domiciled ETFs were $302m, while outflows totalled $98m. Domestic equity fund A200 and cash fund AAA saw the week’s biggest inflows, followed by a range of equity and fixed income funds including XARO, BNKS, SUBD and ILC. Hedged S&P 500 fund IHVV and cash fund BILL saw the largest outflows for the week.

  • VAS was the most traded fund for the week, followed by A200 and IHVV. VAP saw above average volumes.

  • ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) returned 3.4% for the week. ZYUS invested in a portfolio of 50 U.S. stocks selected on the basis of being strong dividend payers and exhibiting historically lower volatility. As such, ZYUS tends to have a more defensive sector allocation, with overweights to utilities, consumer staples and real estate companies. Year-to-date ZYUS has outperformed the S&P 500 Index by 9.8%.