ETF Monitors

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Weekly ETF Monitor for week ending 6 October 2017

Most major markets advanced last week as a risk-on tone returned. The S&P/ASX 200 ended the week up 0.5%, the S&P 500 gained 1.2%, the EURO STOXX 50 gained 0.2% and the Nikkei 225 added 1.6%. Asia and emerging markets returned to favour with four ETFs (IZZ, IBK, UBP and IAA) amongst the top performers for the week.

The US dollar strengthened against most major currencies last week. The Australian dollar dropped below US 78c for the first time since July. The euro declined by 0.7%, while pound sterling fell by 2.5% as Brexit concerns and political uncertainty intensified.

Precious metals were mixed last week, with gold declining 0.2% despite a rally towards the end of the week. WTI crude dropped back below US$50/bbl, while iron ore stabilised following sharp declines in September.

The Australian ETF market saw inflows of A$52m and outflows of A$11m from domestically domiciled ETFs last week. The largest inflows were into iShares S&P/ASX 200 ETF (IOZ) and a range of international equity funds (NDQ, ESTX, BNKS and ROBO).