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Weekly ETF Monitor for week ending 31 July 2020

This week's highlights

  • Technology stocks led markets higher last week on strong earnings announcements. ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) was the week’s top performing fund, returning 9.7%. CNEW, HACK, ASIA and NDQ were all amongst the top performers. The domestic market ended the week lower, with BBOZ also amongst the top performers. The week’s underperformers were mixed and included Japan funds (HJPN and IJP), battery tech and lithium fund ACDC, infrastructure (CORE) and biotechnology (CURE).

  • Precious metals were mixed with gold and silver pushing higher and platinum and palladium declining. Silver continued its recent outperformance. ETPMAG was the top performing unleveraged fund for the week, returning 6.0% and has now returned in excess of 30% year-to-date. Gold moved to new all-time highs, ending the week above $US1,975/oz. Palladium fund ETPMPD fell 6.4% for the week.

  • Total reported flows into domestically domiciled ETFs were $359m, while outflows totalled $86m. Cash fund AAA saw the biggest inflows for the week followed by GOLD and NDQ. Silver fund ETPMAG saw significantly above average inflows in-line with its recent performance. Broad domestic equity funds IOZ and STW saw the bulk of the week’s outflows.

  • BBOZ was again the most traded fund for the week. GOLD saw above average volumes.

  • ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) provides geared exposure to the Nasdaq-100 Index and is AUD currency hedged. LNAS maintains exposure to the Index within a target range of 2x to 2.75x and is actively managed. LNAS returned 9.7% for the week in comparison to the Nasdaq-100 Total Return Index, which returned 4.05% in US dollar terms.