This week's highlights
Alternative energy sources advanced strongly last week ahead of the COP26 Summit starting this week. The best performer over the week was ETFS Hydrogen ETF (HGEN) up 10.2% and VanEck Vectors Global Clean Energy ETF (CLNE) up 8.7%. The worst performers for the week were ETFS Physical Platinum (ETPMPT) down 5.3% and iShares China Large-Cap ETF (IZZ) down 4.7%.
Net flows for the week remained strong at A$408m. Consisting of inflows of A$499m and outflows of A$91m. The best flows were seen in BetaShares Australian High Interest Cash ETF (AAA) which had A$228m of flows and BetaShares Australia 200 ETF (A200) which had A$22.6m of flows. The biggest outflows were seen in BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) which had A36.8m of outflows and VanEck Vectors Small Companies Masters ETF (MVS) which had A$8.4m.
ETFS Hydrogen ETF (HGEN) offers investors exposure to the world’s leading hydrogen companies, with a focus on pure-plays. Sometimes described as the “Swiss Army knife” of decarbonisation, hydrogen contains three times more energy on a weight-for-weight basis than petrol while producing no carbon dioxide emissions.