ETF Monitors

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Weekly ETF Monitor for week ending 3 July 2020

This week's highlights

  • Risk-on sentiment returned to equity markets last week. Chinese funds (CETF and CNEW) benefited from optimism of a strong economic recovery in China. Elsewhere, big name domestic and global technology companies (ATEC and FANG) led markets higher, while domestic mid-caps (MVE) also performed strongly. Bearish funds (BBUS, BBOZ and BEAR), Japanese stocks (IJP) and global infrastructure (CORE) were amongst the poorest performing funds for the week.

  • Precious metals were relatively steady, with gold ending the week at US$1,776/oz. Foreign currency funds (YANK, ZUSD, USD and EEU) all declined on the back of a strong AUD rally. Oil fund OOO was amongst the week’s top performers as crude climbed back above US$40/bbl.

  • Total reported flows into domestically domiciled ETFs were $269m, while outflows totalled just $17m. Cash fund AAA saw the biggest inflows for the second week running, followed by BBOZ, A200 and GOLD. Domestic financials (QFN) and property (SLF) sector funds saw the week’s biggest outflows.

  • BBOZ was the most traded fund for the week, followed by VAS. Healthcare fund IXJ saw above average volumes.

  • ETFS FANG+ ETF (FANG) returned 6.1% for the week. The fund tracks the NYSE FANG+ Index, which includes ten of the world’s leading technology and technology-driven companies; Alibaba, Alphabet (Google), Amazon, Apple, Baidu, Facebook, Netflix, NVIDIA, Tesla and Twitter.