ETF Monitors

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Weekly ETF Monitor for week ending 8 April 2022

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This week's highlights

  • Palladium (ETPMPD) was back on top last week, after the London Platinum and Palladium Market, which runs the global palladium exchange, banned all new Russian palladium from trading. As Russia produces 40% of mined palladium supply, traders are betting on a supply crunch, which drove prices higher.

  • Crypto ETFs were the worst performing by far, with Cosmos DIGA and BetaShares CRYP falling 13.8% and 12% respectively. The funds focus on bitcoin miners, and as such their share prices are very sensitive to the price of bitcoin, which fell heavily from 4 – 11 April.

  • Total inflows for the week were $467 million. As with last week, defensive ETFs (bonds, gold, hybrids, core equity) saw the biggest inflows, suggesting investors still believe markets are toppy.

  • There were just $57 in outflows, which is significantly less than last week’s $130 million. The biggest loser was the VanEck Vectors Australian Equal Weight ETF (MVW), which alone accounted for almost half the industry’s weekly outflows. The outflows may owe to MVW’s performance versus competitors.

  • Trading volumes were highest in core Australian equity ETFs, such as VAS, IOZ and A200. This is standard. The only anomaly for the week was BBOZ, which may reflect the greater volatility in the market.

  • ETFS Physical Palladium (ETPMPD) returned 5.7% for the week. ETPMPD offers low-cost access to physical palladium via the stock exchange and avoids the need for investors to personally store their own bullion.