ETF Monitors

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Weekly ETF Monitor for week ending 9 October 2020

This week's highlights

  • Equity markets moved higher last week across the board with geared funds GEAR, LNAS and GGUS topping the weekly performance table. Domestic financial sector funds (MVB, QFN and OZF) rallied strongly, all returning more than 7.5% for the week. Biotech fund CURE also posted a strong week. Short funds BBOZ, SNAS, BBUS and BEAR were the only equity funds to post significant negative returns for the week.

  • Precious metals mainly held ground last week. Palladium fund ETPMPD added 5.0%. Oil advanced, with OOO adding 9.6% for the week. Long US dollar funds YANK, ZUSD and USD were all amongst the week’s poorest performers.

  • Total reported flows into domestically domiciled ETFs were $464m, while outflows totalled $124m. Domestic equity fund IOZ saw the biggest inflows for the week followed by BBOZ. Resource sector fund QRE and multi-factor fund WDMF saw the week’s largest outflows.

  • BBOZ was the most traded fund for the week, followed by IOZ and VAS. IHVV saw above average volumes.

  • ETFS S&P Biotech ETF (CURE) offers investors broad exposure to the US biotechnology industry. CURE currently holds 140 stocks and is equally weighted at each quarterly rebalance. CURE returned 8.2% last week and is up 22.0% year-to-date.