ETF Monitors

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Weekly ETF Monitor for week ending 6 November 2020

This week's highlights

  • Equities rallied last week despite the inconclusive initial results of the US election, with the S&P 500 returning 7.5% for the week. Leveraged funds LNAS and GGUS were the week’s top performers, while currency hedged funds HNDQ, MNRS, HETH and DRUG all outperformed. Australian property funds MVA and SLF were also amongst the top performers benefiting from the RBA’s rate cut decision.

  • The Australian dollar strengthened significantly, with currency funds (YANK, USD, ZUSD, POU and EEU) all amongst the week’s poorest performers. Gold remained steady, while palladium (ETPMPD) and silver (ETPMAG) both gained more than 5%.

  • Total reported flows into domestically domiciled ETFs were $320m, while outflows totalled $79m. Cash fund AAA saw the biggest inflows for the week followed by NDQ and GOLD. World multi-factor fund WDMF saw the week’s largest outflows.

  • BBOZ was again the most traded fund for the week, followed by BBUS and IOZ. NDQ saw above average volumes.

  • ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) offers investors leveraged exposure to the Nasdaq-100 Index. LNAS gains its exposure to the market via a portfolio of Nasdaq-100 futures contracts and is actively managed to maintain a market exposure of between 200% and 275%. LNAS is also currency hedged to reduce the impact of movements in the AUD/USD exchange rate.