ETF Monitors


Weekly ETF Monitor for week ending 7 July 2017

Global equities performance was mixed. The S&P/ASX 200 declined 0.3%. The S&P 500 rose 0.1%, while the EURO STOXX 50 rose 0.6%. Agricultural and Resources ETFs (QAG and YANK) were the top performing equity funds for the week, while gold miners (GDX and MNRS) were amongst the poorest performers.
The Australian dollar was down against other major currencies, weakened to US 76c after RBA kept interest rates unchanged and did not signal for a rate hike. The euro slightly dropped 0.2% against the US dollar.
Global bonds yields climbed after a better-than-expected US jobs report offered support to the Federal Reserve's plan to raise interest rates, US 10 year Treasury yields up 0.08%. Australian 10 year government bond yields up 0.13%.
Broad sell-off in commodities. Gold price fell 2.1% to US$1,216 an ounce on the propsect of another rate rise in the US. WTI crude price dropped 3.9% on the increased US production, iron ore price slipped 3.3%.
The Australian ETF market saw inflows of A$171m and outflows of A$18m from domestically domiciled ETFs.