ETF Monitors

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Weekly ETF Monitor for week ending 8 May 2020

This week's highlights

  • U.S. and Australian equity markets finished up last week. Oil rebounded and technology stocks bounced (OOO and ATEC) were the top performers for the week, returning 14.7% and 10.8% respectively. Biotechnology fund CURE also had a strong week up 8% and Global TECH was up 7.9%.

  • European markets dipped along with emerging markets as debt levels came into question, with NDIA down 8%. While precious metal Palladium (ETPMPD) was down 7.7% for the week.

  • Total flows into domestically domiciled ETFs were $286m, while outflows totalled $172m. iShares Composite Bond ETF (IAF) saw the biggest inflows for the week, followed by QUAL and defensive strategies GOLD and BBUS. iShares Core Cash (BILL) saw the week’s biggest outflows.

  • Bearish domestic fund BBOZ was the most traded fund for the week, followed by MSTR and VAS.

  • ETFS S&P Biotech ETF (CURE), which tracks a basket of the world’s leading biotechnology companies listed in the U.S., returned 8% for the week. The sub-sector remains popular given the demand for a COVID-19 treatment or vaccine.