ETF Monitors

Weekly ETF Monitor for week ending 7 May 2021

This week's highlights

  • Commodity related stocks outperformed last week. Gold mining funds GDX and MNRS were the week’s top performers, followed by energy (FUEL), agriculture (FOOD) and resources funds (QRE, OZR and MVR). Clean energy (CLNE and ERTH), biotech (CURE) and technology sector/thematic funds (ATEC, CLDD, FANG, ASIA and TECH) were all amongst the week’s biggest decliners.

  • Silver was the top performing commodity fund, with ETPMAG up 4.2%. Gold also posted a strong week, with the metal pushing above US$1,800/oz for the first time since February. Palladium was the biggest decliner, with ETPMPD dropping 5.6% for the week.

  • Total reported flows into domestically domiciled ETFs were $276m, while outflows totalled $145m. Emerging markets fund IEM saw the week’s biggest inflows, followed by broad equity fund A200 and sustainability fund ETHI. Australian equity funds IOZ and STW saw the largest outflows for the week.

  • VAS was the most traded fund for the week, followed by IOZ and AAA. GOLD and ETHI saw above average volumes.

  • ETFS Physical Silver (ETPMAG) returned 4.2% for the week. ETPMAG offers investors exposure to the price of physical silver bullion by holding fully-allocated metal in trust for investors. Silver has been the top performing precious metal over the past 12 months and is driven by both industrial and investment demand.