This week's highlights
Japan funds (HJPN and IJP), Asia tech (ASIA), domestic resources ETFs (MVR, QRE and OZR) and domestic small-cap funds (VSO and ISO) led the market higher last week. Leveraged funds aside, the week’s biggest decliners included US small and mid-cap funds (IJR and IJH), China (CNEW), US dollar (USD) and global banks (BNKS).
Total reported flows into domestically domiciled ETFs were $496m, while outflows totalled $139m. The largest inflows and outflows for the week both involved actively managed emerging markets ETF, with EMMG seeing $70m of inflows and FEMX seeing $58m of outflows. Broad-based equity funds (IOZ, QUAL, NDQ, A200 and IVV) otherwise saw the week's largest inflows, while cash (AAA) and fixed income (IAF) funds saw the biggest outflows.
IOZ was the most traded fund for the week, followed by VAS and AAA. FEMX saw above average volumes.
ETFS-NAM India Nifty 50 ETF (NDIA) returned 3.2% for the week and is up 25.6% year-to-date. NDIA aims to track movements in India’s benchmark NSE Nifty50 Index and provides investors with exposure to the growth potential of a rebounding Indian economy.