This week's highlights
Australian resource sector ETFs were the top performers last week, with 2 ETFs tracking this sector – QRE & OZR – making it into the top 10. Signs of easing China’s lockdown are helping push the price of ASX mining shares like BHP group.
Chinese ETFs were also among the top performers last week, with 3 ETFs offering exposure to the behemoth economy – CNEW, CETF & ASIA – making it into the top 10. This is due to China’s finance ministry and central bank saying they would press ahead with policies to offset damage to the economy.
Crypto ETFs were the among the worst performers for the week. CRYP – the worst performing ETF in 2022 – made another appearance in the weekly bottom 10. It was joined by our FTEC ETF. Investors remain sceptical of crypto due to the Terra/Luna implosion.
The industry recorded $924 million in reported inflows for the week. Vanguard’s VAS made up about 33% of that with its $310 million inflow.
There was $184 million in recorded outflows. A200 – which buys the top 200 Australian companies based on Market cap – accounted for just under half. The outflows could owe to profit taking or investors rotating out of Australian shares.
The most heavily traded ETFs were VAS, IOZ, A200, GOLD and NDQ – as is standard. IEM made an unusual appearance in the top 10 most traded, partly because of the good news coming out of China.