This week's highlights
Global equity markets softened last week ahead of the resumption of U.S.-China trade talks. Resources and commodity stocks outperformed last week as safe-haven assets gained favour. Gold reached new 6-year highs moving above US$1,400 per ounce, while OZR, QAU and MNRS were amongst the top performers.
The worst performers over the week were actively managed products MGE, MHG and MICH. With real estate and infrastructure products generally having a downward trend.
Total flows into domestically domiciled ETFs were $342m, while outflows totalled $17m for the week. The biggest inflows were into broad-based domestic equity funds (STW, A200 and MVW) as well as cash (AAA and BILL) and a range of equity and fixed income funds. ETFS Physical Gold (GOLD) saw A$24.5m of inflows for the month of June.
STW was the most traded fund last week, while VAF and GOLD saw above average volumes.