This week's highlights
US equities ticked consistently higher last week reaching more fresh highs. Oil declined and resources came off again. ETFS Semiconductor ETF (SEMI) was the best performer for the week up 9.6%, while iShares Core S&P SmallCap ETF (IJR) was up 7.9%. The worst performers were short products and the worst-performing equity ETF was VanEck Vectors Global Clean Energy ETF (CLNE) down 2.8%.
Net flows for the week remained positive at A$428m which consisted of inflows of A$447m and outflows of A$19m. The biggest inflows were seen in iShares S&P/ASX 200 ETF (IOZ) and iShares Core Composite Bond ETF (IAF) which had A$86m and A$60m respectively. The biggest outflows were in BetaShares Australian Ex-20 Portfolio Diversifier ETF (EX20) which had A$8.5m of redemptions.
ETFS Semiconductor ETF (SEMI) was up 9.6% for the week. SEMI provides investors access to the semiconductor value chain. This includes foundries, which make microchips; fabless, which are companies that design microchips; equipment makers, which create the machines used to build microchips; and integrated device manufacturers, which both make and design microchips.