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Weekly ETF Monitor for week ending 5 October 2018

The S&P/ASX 200 fell 0.4% last week as real estate and industrials declined. Offshore the S&P 500 dropped 1.0% as the technology sector fell. The EURO STOXX 50 fell 1.6%. Japan's Nikkei 225 was also down 1.4%.

The U.S. dollar strengthened last week following the Fed action; the Australian dollar fell 2.4% to US70.52c, the euro fell 1.7%, while the yen fell 2.4%. The BetaShares Strong Australian Dollar Hedge Fund (AUDS) was the poorest performing ETF for the week, falling 6.0%. Betashares Strong US Dollar Hedge Fund ETF (YANK) was the top performing fund for the week with a return of 5%.

Commodities strengthened with the broad Bloomberg Commodities Index gaining 2.0%. WTI crude added 1.5% for the week, while gold ended the week higher at US$1,204/ounce. ETFS Physical Silver ETF (ETPMAG) was the top performing commodity ETF for the week, followed by ETFS Physical Gold ETF (GOLD) returning 4.8% and 3.9% respectively.

The Australian ETF market saw inflows of $118m into and outflows of $44m from domestically domiciled funds last week. The largest inflows were into domestic equity and cash ETFs (MVW and AAA) and fixed income ETF (RCB). The largest outflows were from BetaShares Australia 200 ETF (A200).