This week's highlights
Aussie tech fund ATEC was the top performing ETF across the market last week, returning 8.9% on news of the Afterpay takeover deal. Financial sector funds (BNKS, OZF and QFN) also performed strongly on higher rate expectations. Biotech fund CURE returned 3.0% as global vaccine roll-outs accelerated and India fund NDIA was also amongst the week’s top performers. Gold mining and resources sector funds were the week’s poorest performers across the unleveraged equity segment.
Total reported flows into domestically domiciled ETFs were $299m, while outflows totalled $248m. Actively managed equity income fund INIF saw the biggest inflows for the week, followed by S&P 500 fund IVV. Australian equity funds A200 and IOZ saw the largest outflows for the week.
IOZ was the most traded fund for the week, followed by A200 and IVV. WVOL saw above-average volumes.
ETFS-NAM India Nifty 50 ETF (NDIA) returned 2.9% for the week. NDIA aims to track movements in India’s premier benchmark the NSE Nifty50 Index and provides investors with exposure to the growth potential of a rebounding Indian economy.