This week's highlights
Asian stocks rallied last week, with IZZ, ITW, ASIA, IAA and IKO all amongst the top performing funds for the week. Technology stocks also rebounded, with HACK returning 2.7% for the week and TECH being the top performing fund of the ETF Securities’ range.
Domestic equity ETFs were amongst the week’s poorest performers, led by bank-focused funds (MVB, OZF and QFN).
Gold posted a moderate gain for the week, rising above US$1,500 per ounce, while platinum declined more than 5%. Oil also pulled-back, with OOO down 5.6%.
Total flows into domestically domiciled ETFs were $182m, while outflows totalled $98m. Domestic equity funds saw both the largest inflows (A200 and IOZ) and the largest outflows (STW). GOLD saw A$12m of inflows, while the remainder of flows were into a range of equity and fixed income funds.
STW was the most traded fund last week, followed by other broad-based domestic funds (VAS and IOZ). VAP saw above average trading volumes.