ETF Monitors


Weekly ETF Monitor for week ending 29 July 2022


This week's highlights

  • Top performers last week were congregated around renewable energy – with TANN, CLNE, URNM, HGEN and ERTH all focussing on this niche. Clean energy stocks have benefitted from a $370 billion support package clearing the US senate, thanks to holdout West Virginian senator Joe Manchin changing his vote.

  • Ethereum, which is tracked via the ETFS 21Shares Ethereum ETF (EETH), also featured in the top 10. Ethereum provided a near 55% return in Aussie dollars in July, sharply outperforming bitcoin. The rally was driven by optimism about the blockchain upgrading to a more efficient and environmentally friendly proof-of-stake protocol.

  • Geared inverse funds BBOZ, SNAS, BBUS – which make downbeat wages on US and Australian share markets – were the bottom performers as share markets rallied sharply.

  • The industry saw $416 million in reported inflows, making it one of the biggest weeks in recent months. Inflows were focussed on equity ETFs, suggesting investor sentiment is turning more bullish.

  • The industry saw just $32 million in reported outflows, with AAA and BNKS providing the bulk of these. The small value of reported outflows is another signal of bullishness.

  • Trading volumes centred on the usual suspects, with VAS, Australia’s largest index ETF, enjoying another week on the top spot.