This week's highlights
ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) was the week’s overall top-performing fund, up 7.5%. VanEck Vectors China New Economy ETF (CNEW) was the top-performing unleveraged fund, followed by US dollar funds as investors sought after the dollar.
The poorest performers were ETFS Physical Palladium (ETPMPD) and BetaShares Crude Oil Index ETF - Ccy Hedged (OOO), down 12% and 10.4% respectively.
Total reported flows into domestically domiciled ETFs were $468m, while outflows totalled $255m. The largest inflows for the week were into domestic broad-based funds IOZ and A200. The biggest outflow was in BetaShares Australian High Interest Cash ETF (AAA).
ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) returned 7.5% for the week as the market weighed up new variant concerns. SNAS provides exposure to the Nasdaq-100 Index within a target range of -200% and -275% of the SNAS net asset value. SNAS is a trading tool and is not recommended for investors as a long-term portfolio position.