This week's highlights
The US equity market finished the week relatively flat as some technology and energy company results missed expectations. Commodities, oil and metals were also steady along with the US dollar.
The top performer for the week was ETFS-NAM India Nifty 50 ETF (NDIA) which was up 2.9% and BetaShares Global Banks ETF (Hedged) (BNKS) was up 2.5%. The bottom performers for the week were VanEck Vectors Global Clean Energy ETF (CLNE) which was down 6.4% and BetaShares Global Gold Miners ETF (Hedged) (MNRS) 5.4%.
Total flows for the week were A$278m which consisted of A$352m of inflows and A$78m of outflows. The highest inflows were in cash and broad-based equities. BetaShares Australian High Interest Cash ETF (AAA) had A$61m and iShares S&P/ASX 200 ETF (IOZ) A$56m. Most outflows were seen in VanEck Vectors MSCI Australian Sustainable Equity ETF (GRNV) of A$28m.
Total turnover for the week remains highest amongst the broad-based equity and cash products.
ETFS-NAM India Nifty 50 ETF (NDIA) offers investors exposure to the emerging Indian economy through its premier benchmark, the NSE Nifty50 Index.