ETF Monitors

Weekly ETF Monitor for week ending 31 July 2020

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Aug 04, 2020

This week's highlights Technology stocks led markets higher last week on strong earnings announcements. ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) was the week’s top performing fund, returning 9.7%. CNEW, HACK, ASIA and NDQ were all amongst the top performers. The domestic market ended the week lower, with BBOZ also amongst the top performers. The week’s underperformers were mixed and included Japan funds (HJPN and IJP), battery tech and lithium fund ACDC, infrastructure (CORE) and biotechnology (CURE). Precious metals were mixed with gold and silver pushing higher and platinum and palladium declining. Silver continued its recent outperformance. ETPMAG was the top performing unleveraged fund for the week, returning 6.0% and has now returned in excess of 30% year-to-date. Gold moved to new all-time highs, ending the week above $US1,975/oz. Palladium fund ETPMPD fell 6.4% for the week. Total reported flows into domestically domiciled ETFs were $359m, while outflows totalled $86m. Cash fund AAA saw the biggest inflows for the week followed by GOLD and NDQ. Silver fund ETPMAG saw significantly above average inflows in-line with its recent performance. Broad domestic equity funds IOZ and STW saw the bulk of the week’s outflows. BBOZ was again the most traded fund for the week. GOLD saw above average volumes. ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) provides geared exposure to the Nasdaq-100 Index and is AUD currency hedged. LNAS maintains exposure to the Index within a target range of 2x to 2.75x and is actively managed. LNAS returned 9.7% for the week in comparison to the Nasdaq-100 Total Return Index, which returned 4.05% in US dollar terms.

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Weekly ETF Monitor for week ending 24 July 2020

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Jul 28, 2020

This week's highlights Equity markets were mixed last week with high beta plays retreating from recent gains amid virus resurgences. Technology-related funds (LNAS, NDQ, and FANG) and healthcare funds (CURE and IXJ) underperformed, as did China funds (CNEW, CETF and IZZ). Gold mining ETFs (MNRS and GDX) were the top equity performers for the week. Precious metals funds were the top performers across the board last week as gold neared its all-time highs, peaking above US$1,900/oz. Silver fund ETPMAG returned 15.4%, while platinum fund ETPMPT also posted a double digit weekly return. GOLD added 3.5%. US dollar weakness saw long AUD fund AUDS also amongst the top performers. Total reported flows into domestically domiciled ETFs were $320m, while outflows totalled $68m. Cash fund AAA saw the biggest inflows for the week followed by BBOZ and GOLD. Broad equity funds STW and IVV saw the week’s biggest outflows. BBOZ was the most traded fund for the week, followed by AAA. Nasdaq 100 fund NDQ saw above average volumes. ETFS Physical Precious Metals Basket (ETPMPM) provides exposure to all four precious metals. Current allocations are 48% gold, 28% palladium, 18% silver and 6% platinum.

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Weekly ETF Monitor for week ending 17 July 2020

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Jul 21, 2020

This week's highlights Equity markets were mixed last week with technology stocks taking a breather and other sectors coming to the fore. Agriculture fund FOOD was the week’s top performing ETF, while healthcare funds (DRUG and IXJ) and resources sector funds (OZR and QRE) also performed strongly. China funds (IZZ, CETF and CNEW) and technology-related funds (FANG, ASIA and HACK) were all amongst the week’s poorest performers. Palladium was the week’s best performing precious metal, with ETPMPD returning 3.7%, while gold consolidated recent gains. Total reported flows into domestically domiciled ETFs were $251m, while outflows totalled $65m. Sustainability funds (FAIR and ETHI), GOLD and bearish equity funds (BBOZ and BBUS) saw the biggest inflows for the week. Domestic equity fund STW saw the bulk of the week’s outflows. BBOZ was the most traded fund for the week, followed by VAS. VGS saw above average volumes. ETF Securities new Nasdaq 100 funds commenced trading last week; ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) returned 4.6% for the week, while ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) returned -4.5% as the Nasdaq-100 dropped by 1.8% in US dollar terms.

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Weekly ETF Monitor for week ending 10 July 2020

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Jul 14, 2020

This week's highlights Equity markets were mixed last week. Technology stocks and gold miners outperformed, while the Chinese market headed strongly higher. ETFS FANG+ ETF (FANG) was the week’s top performing fund, returning 11.6%. China funds (CNEW, CETF and IZZ) and gold mining funds (MNRS and GDX) were all amongst the top performers. Domestic property funds (MVA, SLF and VAP) were the week’s poorest performers, followed by global energy (FUEL) and domestic bank funds (MVB and QFN). Precious metals advanced, with gold breaching the US$1,800/oz mark during the week. Silver was the top performing metal with ETPMAG returning 3.8%. Total reported flows into domestically domiciled ETFs were $242m, while outflows totalled $263m. Sustainability fund ETHI saw the biggest inflows for the week followed by GOLD. Domestic equity funds (IOZ and STW) and cash fund BILL saw the week’s biggest outflows. BBOZ was the most traded fund for the week, followed by STW. Nasdaq-100 fund NDQ saw above average volumes. ETF Securities launched two new funds this week offering leveraged and short exposure to the Nasdaq-100; ETFS Ultra Long Nasdaq 100 Hedge Fund (LNAS) and ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS).

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Weekly ETF Monitor for week ending 3 July 2020

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Jul 07, 2020

This week's highlights Risk-on sentiment returned to equity markets last week. Chinese funds (CETF and CNEW) benefited from optimism of a strong economic recovery in China. Elsewhere, big name domestic and global technology companies (ATEC and FANG) led markets higher, while domestic mid-caps (MVE) also performed strongly. Bearish funds (BBUS, BBOZ and BEAR), Japanese stocks (IJP) and global infrastructure (CORE) were amongst the poorest performing funds for the week. Precious metals were relatively steady, with gold ending the week at US$1,776/oz. Foreign currency funds (YANK, ZUSD, USD and EEU) all declined on the back of a strong AUD rally. Oil fund OOO was amongst the week’s top performers as crude climbed back above US$40/bbl. Total reported flows into domestically domiciled ETFs were $269m, while outflows totalled just $17m. Cash fund AAA saw the biggest inflows for the second week running, followed by BBOZ, A200 and GOLD. Domestic financials (QFN) and property (SLF) sector funds saw the week’s biggest outflows. BBOZ was the most traded fund for the week, followed by VAS. Healthcare fund IXJ saw above average volumes. ETFS FANG+ ETF (FANG) returned 6.1% for the week. The fund tracks the NYSE FANG+ Index, which includes ten of the world’s leading technology and technology-driven companies; Alibaba, Alphabet (Google), Amazon, Apple, Baidu, Facebook, Netflix, NVIDIA, Tesla and Twitter.

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Weekly ETF Monitor for week ending 26 June 2020

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Jun 30, 2020

This week's highlights Volatility returned to equity markets last week with most markets ending the week in the red. Gold miners benefited from record gold prices, with GDX and MNRS being the top performing ETFs for the week. Bearish US (BBUS) and Australian (BBOZ) funds also performed well. Asian equities had a stronger week, with India ETFs (IIND and NDIA) performing strongly, alongside ASIA and IAA. Global energy (FUEL), US and global high yield equities (ZYUS and INCM) and global banks (BNKS) were all amongst the poorest performers. Silver (ETPMAG) was the top performing commodity fund for the week, following by hedge gold (QAU). Gold continued its advance ending the week at US$1,771/oz, its highest since 2012. Total reported flows into domestically domiciled ETFs were $331m, while outflows totalled just $40m. Cash fund AAA saw the biggest inflows for the week, followed by currency hedged global equities (IHML) and GOLD. Oil fund OOO saw the largest outflows. BBOZ was the most traded fund for the week, followed by AAA. Healthcare fund IXJ saw above average volumes. ETFS Reliance India Nifty 50 ETF (NDIA), which tracks the 50 largest companies listed on India’s NSE, returned 2.3% for the week. The fund is up over 15% since bottoming in late March amid COVID-19 lockdowns.

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Weekly ETF Monitor for week ending 19 June 2020

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Jun 23, 2020

This week's highlights Equity markets rallied last week with high beta technology and small cap funds posting the top performances. ETFS S&P Biotech ETF (CURE) was the week’s top performer, returning 8.3%. Technology focused funds ATEC, ASIA, TECH and FANG were all amongst the best performers. Domestic and international small cap funds KSM, MVS and IMPQ also performed strongly. Real estate (DJRE) and resources funds (QRE and OZR) were amongst the poorest performers. Oil fund OOO continued to benefit from the rebound in the global crude market, returning 7.7%. Gold held firm at close to US$1,750/oz, while other precious metals mainly declined. Total reported flows into domestically domiciled ETFs were $313m, while outflows totalled just $78m. GOLD saw the biggest inflows for the week, followed by bearish fund BBOZ. Multifactor fund WDMF saw the largest outflows. BBOZ was the most traded fund for the week, followed by domestic equity fund IOZ. OOO again saw above average volumes. ETFS S&P Biotech ETF (CURE) invests in over 130 US-listed biotechnology firms. Renewed focus on the sector since the advent of the COVID-19 pandemic has seen the fund return 14.5% since the end of February and strongly outperform the broader US equity market.

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Weekly ETF Monitor for week ending 12 June 2020

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Jun 16, 2020

This week's highlights Equity markets mostly declined last week, with second-wave fears and cautious Fed comments halting the rally. Bearish funds (BBUS, BBOZ and BEAR) were amongst the top performers, while technology-related companies in China (CNEW) and the US (FANG) outperformed. Global energy companies (FUEL), banks (BNKS) and US small-and mid-cap companies (IJR and IJH) were amongst the poorest performers. Precious metals all rallied strongly last week. GOLD returned 5.1% for the week, while the diversified ETFS Physical Precious Metals Basket (ETPMPM) returned 3.8%. Gold miner (GDX) was also amongst the top performers. Oil declined, with OOO returning -7.8%. Total flows into domestically domiciled ETFs were $285m, while outflows totalled just $14m. Domestic cash fund AAA saw the biggest inflows for the week, followed by IOZ. Consumer staples fund IXI saw the largest outflows. Bearish fund BBOZ was the most traded fund for the week, followed by domestic equity fund VAS. GOLD and OOO saw above average volumes. ETFS FANG+ ETF (FANG), which invests in 10 of the world’s largest technology and technology-enabled companies, returned 2.4% for the week. FANG+ stocks, including Apple, Amazon, Netflix and Google have shown resilience in turbulent markets this year. Year-to-date the NYSE FANG+ Index, which FANG aims to track, has outperformed the broader S&P 500 by more than 30%.

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Weekly ETF Monitor for week ending 5 June 2020

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Jun 10, 2020

This week's highlights Bullish sentiment continued last week as most major equity indexes ended the week up. Global Banks surged and oil continued to rally on the back of extended output cuts. Among the top performers for the week were BetaShares Global Banks ETF (Hedged) (BNKS) up 14% and BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) up 10.1%. Geared US Dollar currency ETFs, miners and precious metals were amongst the worst performers. BetaShares Strong US Dollar Hedge Fund (YANK) was down -10.7% and VanEck Vectors Gold Miners ETF (GDX) was down -9.6%. Flows for the week were mostly seen across Cash and Core exposure ETFs. iShares Core Cash ETF (BILL) had A$43.1m of inflows and iShares CORE Composite Bond ETF (IAF) had A$21.3m of inflows. Outflows were highest across iShares S&P 500 AUD Hedged (IHVV) and iShares Global Consumer Staples ETF (IXI) Chinese Equity, Technology and precious metals remain the best performers YTD.

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Weekly ETF Monitor for week ending 29 May 2020

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Jun 02, 2020

This week's highlights Hopes of economic re-opening extended to optimism for the financial sector last week. Australian bank ETFs were the clear top performers, with MVB, OZF and QFN all registering double digit returns for the week. High yield domestic equity funds also benefited from the bank rally, with SYI, RDV and active fund EINC all amongst the top performers. Gold miners (GDX and MNRS), biotechnology (CURE) and big-tech (FANG) pulled-back from recent strong performances to lead the equity decliners for the week. Gold remained steady, above US$1,700/oz last week, though a rising Australian dollar saw GOLD fall 2% for the week. Platinum fund ETPMPT gave up some of last week’s gains, falling 2.9%. While leveraged US dollar fund YANK dropped 4.6% as the Australian dollar steamed towards US67c . Total flows into domestically domiciled ETFs were $281m, while outflows totalled $45m. Bearish domestic equity fund BBOZ saw the biggest inflows for the week, followed by GOLD. Domestic cash fund AAA and currency hedge S&P 500 (IHVV) saw the bulk of the week’s outflows. BBOZ was the most traded fund for the week, followed by domestic equity fund VAS. NDQ and OOO saw above average volumes. ETFS EURO STOXX 50 ETF (ESTX), which invests in 50 of the largest companies in the eurozone returned 5.3% for the week. Optimism is rising that the policy response to coronavirus in Europe, including the establishment of an EU recovery fund and the purchasing of riskier assets by the ECB, will see a quicker than expected economic rebound.

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Weekly ETF Monitor for week ending 22 May 2020

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May 26, 2020

This week's highlights Equity markets returned to risk-on mode last week with cyclical sectors leading the way. Resource (QRE and OZR) and technology (ATEC) sector ETFs were the top domestic performers for the week. U.S. small- and mid-caps (IJR and IJH) along with global property (REIT) were the best performing international equity funds. Asian focused funds (CNEW, PAXX, NDIA, CETF, VAE and IZZ) were all amongst the week’s poorest performers along with gold miners (GDX) Gold stabilised above US$1,700/oz last week, while other precious metals advanced. Platinum fund ETPMPT was one of the week’s top performers, returning 6.9%. Oil continued to rise from its April lows, with OOO returning 10.7% last week. The Australian dollar moved back above US65c . Total flows into domestically domiciled ETFs were $372m, while outflows totalled $91m. Domestic cash fund BILL saw the biggest inflows for the week, followed by bond fund IAF and GOLD. Domestic cash fund AAA saws the bulk of the week’s outflows. Bearish equity fund BBOZ was the most traded fund for the week, followed by domestic equity fund VAS. GOLD saw above average volumes. ETFS Physical Platinum (ETPMPT), which invests in physical platinum bullion, returned 6.9% for the week. Prices are being driven by a combination of rising demand, mainly from China, as vehicle production comes back on line, in contrast to restricted supply caused by mine lockdowns in South Africa, the world’s largest producer.

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Weekly ETF Monitor for week ending 15 May 2020

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May 20, 2020

This week's highlights Equity markets mostly declined last week as the recent rally stalled, though the domestic market ended the week in positive territory. Gold miners (GDX) and biotechnology (CURE) ETFs were the top performing equity funds. Global property funds (REIT and DJRE) were the biggest decliners, followed by U.S. small caps (IJR), banks (BNKS) and global value stocks (VVLU). Precious metals rose across the board, with silver leading the way. ETPMAG gained 10.6% to be the week’s top performing fund, while GOLD rose by 3.8%. Strong U.S. dollar fund YANK was also amongst the top performers. Total flows into domestically domiciled ETFs were $407m, while outflows totalled $124m. Domestic equity fund IOZ saw the biggest inflows for the week, followed by bond fund IAF and STW. Global corporate bond fund IHBC, cash fund ISEC and resources sector fund QRE saw the week’s biggest outflows. IOZ was the most traded fund for the week, followed by bearish equity fund BBOZ. Cash fund BILL saw above average volumes. ETFS Physical Silver (ETPMAG), which invests in physical silver bullion, returned 10.6% for the week. Being a more industrial commodity than gold, silver saw much bigger drawdowns in late-February and early-March as markets reacted to the rapid spread of COVID-19. At that time the ratio of gold to silver prices hit all-time highs. Since bottoming on 19th March, however, ETPMAG has rebounded by 23.7%, compared to 7.6% for GOLD over the same period.

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Weekly ETF Monitor for week ending 8 May 2020

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May 12, 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.

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Weekly ETF Monitor for week ending 1 May 2020

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May 05, 2020

This week's highlights Equity markets were mixed last week. India funds (NDIA and IIND) were the top performers for the week, returning 8.4% and 6.1% respectively. European funds (ESTX and HEUR) as well as a range of active ETFs (IMPQ, INES and VVLU) were also amongst the top performers. Biotech (CURE) and healthcare (IXJ) funds were amongst the poorest performers amidst coronavirus-related volatility. Precious metals mostly declined last week with GOLD down 2.8% and palladium (ETPMPD) falling 4.6%. Oil remained volatile, but finished the week relatively unchanged. The Australian dollar traded above US65c before ending just above US64c. Total flows into domestically domiciled ETFs were $317m, while outflows totalled $76m. Cash fund AAA saw the biggest inflows for the week, followed by QUAL and a range of domestic equity funds (A200, IOZ and STW). Hedged MSCI World fund (IHWL) saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the week, followed by VAS and bearish US fund BBUS. OOO saw above average volumes in-line with its flows. ETFS Reliance India Nifty 50 ETF (NDIA), which tracks the 50 largest companies listed on India’s NSE, returned 8.4% for the week. The Indian market was buoyed by better than expected corporate earnings and encouraging initial results of a potential COVID-19 treatment.

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Weekly ETF Monitor for week ending 24 April 2020

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Apr 28, 2020

This week's highlights Equity markets mostly retreated last week as the rebound stalled across many sectors. Gold miners (MNRS and GDX) and biotechnology (CURE) were the top performing long-only equity funds. Bearish funds (BBOZ, BEAR and BBUS) also fared well. Australian property funds (MVA, SLF and VAP), dividend yield funds (ZYAU and MVS) and sustainability funds (GRNV and FAIR) were amongst the poorest performers for the week. Oil continued its dramatic slide, with OOO dropping 45.6% for the week. Gold consolidated above US$1,700/ounce, with GOLD, PMGOLD and QAU all amongst the week’s top performers. Total flows into domestically domiciled ETFs were $333m, while outflows totalled $128m. Oil fund OOO saw the biggest inflows as investors looked to profit from historically low prices. Domestic floating rate note funds (FLOT and QPON) saw the biggest outflows for the week along with emerging market equities (IEM). Bearish domestic fund BBOZ was the most traded fund for the week, followed by broad-based funds OOO and VAS. IEM saw above average volumes in-line with its flows. ETFS S&P Biotech ETF (CURE), which tracks the performance of an equally weighted portfolio of US-listed biotechnology companies, returned 5.7% for the week and is up 11.7% year-to-date. In comparison, the benchmark S&P 500 Index has declined by 2.7% year-to-date in Australian dollar terms.

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Weekly ETF Monitor for week ending 17 April 2020

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Apr 21, 2020

This week's highlights The rebound in equity markets continued last week. Healthcare (Biotechnology) and technology sectors provided many of the top performing ETFs for the week with FANG and CURE returning 10.1% and 8.7% respectively. Precious metals GOLD and ETPMPD are the top performers year to date. Oil continued its slide, with OOO dropping 14.7% for the week and oil futures moving well into uncharted territory. Total flows into domestically domiciled ETFs were $225m, while outflows totalled $133m. International bear equity fund BBUS saw the biggest inflows, while funds OOO, BBOZ and IOZ also saw strong flows. Australian portfolio diversifier fund EX20 saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the second week running, followed by broad-based funds VAS and STW. ETFS FANG+ ETF (FANG), which tracks the performance of technology leaders such as Apple, Alphabet (Google), Amazon, Facebook and Netflix, returned 10.1% for the week and is now up 7.8% since its inception at the end of February 2020.

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Weekly ETF Monitor for week ending 10 April 2020

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Apr 15, 2020

This week's highlights The rebound in equity markets continued into the Easter long weekend. Global and domestic real estate sectors provided many of the top performing ETFs for the week with REIT, SLF, MVA, VAP and DJRE all returning in excess of 13%. Small- and mid-cap U.S. equities (IJR and IJH) and global banks (BNKS) also posted strong returns. With most sectors and markets posting gains, only bearish funds were amongst the poorest performers across equity ETFs. Oil continued its slide, with OOO dropping 17.7% for the week. The US dollar declined against most majors. Precious metals advanced in US dollar terms, but declined against a strengthening AUD. Total flows into domestically domiciled ETFs were $398m, while outflows totalled $190m. Domestic equity fund IOZ saw the biggest inflows, while bearish funds BBOZ, BBUS, cash fund AAA and currency hedged equity funds (IHVV and QHAL) also saw strong flows. High yield fixed income fund IHHY saw the week’s biggest outflows for the second week running. Bearish domestic fund BBOZ was the most traded fund for the week, followed by broad-based funds VAS and STW. ETFS FANG+ ETF (FANG), which tracks the performance of technology leaders such as Apple, Alphabet (Google), Amazon, Facebook and Netflix, returned 4.6% for the week and is down by just 2.1% since its inception at the end of February 2020. The NYSE FANG+ Index, which FANG tracks, has posted a positive return of 11.2% year-to-date, despite the broad market sell-off.

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Weekly ETF Monitor for week ending 3 April 2020

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Apr 07, 2020

This week's highlights Domestic equities rallied strongly last week as early signs of declining infection rates emerged. Resource sector funds (MVR, OZR and QRE) were all amongst the top performing ETFs for the week. Global energy companies (FUEL) also rallied as oil regained some ground. On the negative side, global banks (BNKS) and real estate funds (REIT and DJRE) were amongst the poorest performers, along with Japanese equities (HJPN and UBJ). Gold and silver pushed higher, while platinum and palladium declined. Oil rebounded on hopes of supply cuts, with OOO topping the weekly performance charts, up 31.9%. The Australian dollar ended the week dipping back below US60c. YANK was amongst the week’s top performers. Total flows into domestically domiciled ETFs were $539m, while outflows totalled $292m. Domestic equity fund STW saw the biggest inflows, while bearish funds BBOZ, BBUS and BEAR and gold (GOLD) also saw strong interest from investors expecting further downside. High yield fixed income fund IHHY saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the fourth week running, followed by broad-based funds VAS and STW. Hedged global equity fund VGAD saw above average trading. ETFS Physical Silver (ETPMAG) has returned 16.9% since its mid-March low. At that time the widely followed gold/silver ratio reached all-time highs above 120, meaning that gold was briefly more than 120x more expensive than silver per ounce.

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Weekly ETF Monitor for week ending 27 March 2020

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Mar 31, 2020

This week's highlights Equity markets rallied last week on the announcement of significant stimulus measures across the globe. The top performing equity funds for the week offered a range of exposures from global property (REIT), Japan (HJPN), gold miners (MNRS) and energy companies (FUEL). On the negative side, Indian equities (NDIA and IIND) reacted to aggressive lock-down measures and Australian banks lagged the domestic market. Precious metals rebounded strongly from the previous week’s declines. Gold benefited from haven buying and a slowdown in financial deleveraging. Platinum and palladium both saw big jumps on supply concerns linked to mine shutdowns due to coronavirus. Palladium fund ETPMPD was the week’s top performer, returning 31%. Oil continued its decline, while the Australian dollar rally saw AUDS amongst the top performers and YANK, USD and ZUSD amongst the poorest. Total flows into domestically domiciled ETFs were $515m, while outflows totalled $553m. Bearish funds BBOZ and BBUS saw large inflows alongside equity funds A200, IHVV and STW, gold (GOLD) and US dollar cash (USD) also saw strong flows. IVV saw the largest outflows as investors looked for hedged exposures. Emerging market bonds (IHEB) also saw large outflows. Bearish domestic fund BBOZ was the most traded fund for the third week running, followed by broad-based funds STW and VAS. GOLD again saw above average trading. ETFS S&P Biotech ETF (CURE) has outperformed the S&P 500 by over 3% since the COVID-19 sell-off commenced. CURE holds positions in a number of companies that are at the forefront of the search of a cure or vaccine for the virus.

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Weekly ETF Monitor for week ending 20 March 2020

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Mar 24, 2020

This week's highlights Another week of extreme volatility saw the S&P/ASX 200 fall 13%, the S&P 500 drop 15% and the VIX peak above 85. Bearish ETFs (BBUS, BBOZ and BEAR) were the top performing funds, while foreign currency funds (YANK, ZUSD, USD and EEU) also saw strong gains for the week as the AUD fell to 17-year lows. Amongst long-only equity funds, gold miners (GDX) bounced back and Japan (IJP) saw modest gains. On the negative side, leveraged funds (GGUS and GEAR) were significant decliners along with oil (OOO). Real estate funds, both domestic (MVA, SLF and VAP) and international (REIT and DJRE) were also amongst the hardest hit. Precious metals mostly declined for the week. Silver and platinum saw big dips, while palladium stabilised. Gold dropped 2% in US dollar terms, but gained ground in AUD. Total flows into domestically domiciled ETFs were $297m, while outflows totalled $918m. Domestic equity funds including STW, GEAR and MVW saw the largest inflows. Cash and fixed income funds (IHEB, AAA, BILL, IAF, QPON, IHHY and CRED) saw significant outflows. Bearish domestic fund BBOZ was the most traded fund for the second week running, followed by broad-based funds VAS and STW. GOLD saw above average trading.

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Weekly ETF Monitor for week ending 13 March 2020

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Mar 17, 2020

This week's highlights COVID-19 and Saudi Arabia’s aggressive moves to ramp up oil supply saw for one of the most volatile weeks ever across financial markets. Bearish ETFs (BBOZ, BBUS and BEAR) were the top performing funds, while foreign currency funds (YANK, ZUSD, USD, EEU and POU) also saw strong gains for the week. Amongst long-only equity funds, only China ETFs (CETF and IZZ) saw green. On the negative side, there were many. Energy companies were hit hardest – FUEL fell 27% for the week. Gold miners were also hit hard, despite the metal trading flat in AUD terms. European equity funds (HEUR) were also amongst the biggest decliners. Precious metals were not immune. Gold dropped 7% is US dollar terms, but held its ground in AUD. Palladium gave up most of its recent gains, dropping nearly 30%. Oil ETF OOO fell 23% for the week. The Australian dollar fell below US62c for the first time since 2008. Total flows into domestically domiciled ETFs were $460m, while outflows totalled $468m. Domestic equity funds dominated flows with A200 and STW seeing the largest inflows and IOZ seeing the largest outflows. GOLD, QAU and USD saw strong haven flows, while crude oil fund OOO saw speculative inflows following the massive price drop. Bearish domestic fund BBOZ was the most traded fund last week, followed by broad-based funds VAS, STW and IOZ. Other leveraged funds, BBUS and GEAR, saw above average trading. ETFS Enhanced USD Cash ETF (ZUSD) returned 7.8% for the week, benefiting from the strengthening US dollar and the stability of cash amidst the turmoil in more volatile asset classes.

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Weekly ETF Monitor for week ending 6 March 2020

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Mar 10, 2020

This week's highlights Gold miners headlined the top performers in a turbulent week, with MNRS and GDX seeing returns in excess of 8%. Defensive sectors, including healthcare (DRUG), consumer staples (IXI) and infrastructure (IFRA) were also amongst the top performers alongside bearish funds BBOZ and BEAR. Financial sector ETFs (MVB, OZF, QFN and BNKS) were the week’s poorest performers, with high beta plays such as India (NDIA) and technology (TECH) also seeing declines. Gold continued to push higher, trading above US$1,690/oz towards the end of the week. Hedged gold (QAU) added 3.7%, while palladium (ETPMPD) dropped 8.0%. Oil saw big declines, with OOO dropping 7.8%. The Australian dollar regained ground, adding close to 3% for the week and AUDS was amongst the week’s top performing funds. Total flows into domestically domiciled ETFs were $424m, while outflows totalled $181m. iShares S&P/ASX 200 ETF (IOZ) and ETFS Physical Gold (GOLD) saw the largest inflows for the week. BetaShares Australian High Interest Cash ETF (AAA) saw the bulk of the week’s outflows. VAS was the most traded fund last week, followed by IOZ. BBOZ and MGE saw above average volumes.

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Weekly ETF Monitor for week ending 28 February 2020

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Mar 03, 2020

This week's highlights Risk-off sentiment dominated last week with equity markets entering correction territory across the globe. Bearish ETFs (BBUS, BBOZ and BEAR) were by far the top performing funds for the week. Geared funds aside, the biggest declines were seen across a range of sectors, including gold miners (MNRS), energy (FUEL), real estate (REIT) and banks (BNKS). Precious metals were mixed. Gold reached its highest level in seven years, before retreating later in the week. Palladium (ETPMPD) once again reached new all-time highs. Oil saw big declines, with OOO dropping 16.2% for the week. The Australian dollar fell below US65c for the first time since the GFC, driving currency ETFs higher. BetaShares Euro ETF (EEU) and ETFS Enhanced USD Cash ETF (ZUSD) were amongst the week’s top performers. Total flows into domestically domiciled ETFs were $381m, while outflows totalled $86m. BetaShares Australian High Interest Cash ETF (AAA) and ETFS Physical Gold (GOLD) saw the largest inflows for the week as investors looked for safe-haven assets. iShares Global 100 ETF (IOO) and BetaShares S&P/ASX 200 Resources Sector ETF (QRE) saw the bulk of the week’s outflows. VAS was the most traded fund last week, followed by AAA. GOLD and BBOZ saw above average volumes. ETFS FANG+ ETF (FANG) commenced trading this week. FANG offers exposure to an equally-weighted portfolio of ten of the world’s top innovators across today’s tech and internet/media companies.

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Weekly ETF Monitor for week ending 21 February 2020

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Feb 24, 2020

This week's highlights Chinese stocks rebounded last week on the back of tough measures to contain the coronavirus outbreak and stimulate economic activity. CNEW and CETF were both amongst the top performing ETFs for the week. Other Asian markets including South Korea and Japan suffered as outbreaks spread; IKO, UBP, IJP, IAA, UBJ and ASIA were all amongst the week’s poorest performers. Global technology stocks (TECH) also suffered on global growth and supply-chain concerns. Precious metals all gained with haven assets in demand. GOLD returned 5.3% for the week, while palladium (ETPMPD) added 10.8% and once again touched new all-time highs. Gold mining ETFs (GDX and MNRS) were the top performing equity funds for the week. Total flows into domestically domiciled ETFs were $333m, while outflows totalled $43m. Russell Australian Responsible Investment ETF (RARI) saw the largest inflows for the week, followed by a range of global equity funds (ETHI, IEM, QUAL and NDQ). Domestic equities (IOZ), fixed income (QPON, IAF and AAA) and gold (GOLD) also saw strong flows. BetaShares FTSE RAFI Australia 200 ETF (QOZ) saw the bulk of the week’s outflows. RARI was the most traded fund last week, reflecting its flows, followed by VAS, AAA and STW. GOLD and IEM saw above average volumes. ETFS S&P Biotech ETF (CURE) returned 1.5% last week and is up 7.6% year-to-date. CURE provides broad exposure to the U.S. biotechnology sector including a number of companies actively involved in developing drugs and vaccines to combat the coronavirus.

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Weekly ETF Monitor for week ending 14 February 2020

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Feb 18, 2020

This week's highlights Global markets maintained their recent highs last week. Precious metal palladium was the best performer over the week, with ETFS Physical Palladium (ETPMPD) returning 6.5%. Australian financials and property ETFs were also amongst the best performers. SPDR S&P/ASX 200 Financials ex A-REITS Fund (OZF) was up 3.6%, BetaShares S&P/ASX 200 Financials Sector ETF (QFN) up 3.6% and VanEck Vectors FTSE International Property (Hedged) ETF (REIT) up 2.7%. The worst performers over the week were Japanese equity based ETFs. iShares MSCI Japan ETF (IJP) was down 2.1% and UBS IQ MSCI Japan Ethical ETF (UBJ) also down 2%. Looking at flows for the week. Inflows totalled A$311 million whilst outflows were A$78 million. The biggest inflows were into ETFS Physical Gold (GOLD) which saw A$28.6 million. Largest outflows for the week were in Japanese and Australian based ETFs. BetaShares Australia 200 ETF (A200) had A$35.4 million in outflows and iShares MSCI Japan ETF (IJP) A$17.4 million in outflows. Year to date inflows remain strongest in Australian and international equities as well as gold.

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Weekly ETF Monitor for week ending 7 February 2020

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Feb 11, 2020

This week's highlights Healthcare and technology sectors had a strong week as repercussions on markets as a result of the Coronavirus were more subdued than first thought. The Australian Dollar continued to weaken having a positive effect on unhedged international ETFs. ETFS S&P Biotech ETF (CURE) was the best performing equity ETF over the week returning 6.8%. BetaShares Asia Technology Tigers ETF (ASIA) was up 5.3% and ETFS Battery Tech & Lithium ETF (ACDC) was up 4.5% as Tesla and Orocobre had strong weeks. The worst performers were Chinese equity ETFs, with VanEck Vectors ChinaAMC A-Share ETF (CETF) down 5.4%. Oil and Mining ETFs also had a negative week. VanEck Vectors Gold Miners ETF (GDX) was down 3.6% and BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) was down 2.4%. The best flows were into fixed income products. VanEck Vectors Australian Floating Rate ETF (FLOT) topped the weekly inflows with A$25m. ETFS Physical Gold (GOLD) also had a strong week with A$13m in inflows. The biggest outflows were seen in BetaShares Australia 200 ETF (A200), which had outflows of A$119m. Total inflows over the week were A$296m and total outflows were A$148m.

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Weekly ETF Monitor for week ending 31 January 2020

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Feb 03, 2020

This week's highlights Safe haven assets bounced back last week as global uncertainty surged around the global pandemic of the Coronavirus. ETFS Physical Gold (GOLD) was up 3.3% over the week and ETFS Physical Silver (ETPMAG) was also up 2.3%. Currency ETFs also had a good week as the Australian dollar weakened against global majors. BetaShares British Pound ETF (POU) was up 2.9% and ETFS Enhanced USD Cash ETF (ZUSD) was up 2%. Asian Equity ETFs saw mostly red last week. The iShares MSCI South Korea Capped ETF (IKO) was down 6.5% and iShares Asia 50 ETF (IAA) was also down 5%. Further drops were seen throughout Asia with the BetaShares Japan ETF (Hedged) (HJPN) down 4.1%. One month into the new year sees precious metals and technology ETFs as the best performers. ETFS Physical Palladium (ETPMPD) is the best performer YTD up 25.5%. Net flows for the week were down but still positive. Inflows totalled $228 Million whilst outflows were $76 Million. The biggest outflow was in SPDR S&P/ASX 200 Fund (STW) with $51 Million redeemed. The biggest inflows were into iShares S&P/ASX 200 ETF (IOZ) $25 Million and iShares Global High Yield Bond (AUD Hedged) ETF (IHHY) $23 Million.

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Weekly ETF Monitor for week ending 24 January 2020

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Jan 29, 2020

This week's highlights Defensive equity funds were the flavour of the week with gold miners (GDX and MNRS), infrastructure (VBLD and CORE) and real estate (DJRE) topping the performance tables. Asia and emerging markets funds (IZZ, CETF, CNEW, IAA and VGE) were amongst the poorest performers. Energy company fund (FUEL) also suffered on falling crude prices. Precious metals all gained, with the exception of silver. GOLD returned 1.2% for the week, while palladium (ETPMPD) touched new all-time highs before pulling-back. Crude oil dipped below US$54/bbl and oil ETF OOO declined 7.5% for the week. Total flows into domestically domiciled ETFs were $364m, while outflows totalled $15m. SPDS S&P/ASX 200 Fund (STW) saw the largest inflows for the week, followed closely by a range of domestic equity (MVR and A200) and fixed income (AAA, QPON and CRED) funds. Emerging market equities (IEM) and gold (GOLD) also saw strong flows. IOZ was the most traded fund last week, followed by VAS and STW. VHY and QPON saw above average volumes. ETFS Global Core Infrastructure ETF (CORE) returned 1.6% last week and is up 5.8% year-to-date. CORE provides exposure to 75 listed-infrastructure firms from global developed markets that exhibit low volatility relative to their peers.

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Weekly ETF Monitor for week ending 17 January 2020

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Jan 20, 2020

This week's highlights Precious metals Palladium and Platinum surged last week. ETFS Physical Palladium (ETPMPD) continued its run up 17.3% and ETFS Physical Platinum (ETPMPT) was up 6.2%. The flow on effects were seen in the basket of Gold, Silver, Palladium and Platinum. ETFS Physical Precious Metal Basket (ETPMPM) was also up 6.2%. Global and domestic equities continued their strong rally as they broke through and maintained all time highs. Vanguard Global Infrastructure Index ETF (VBLD) was up 3.3% and Magellan Global Equities Fund (MGE) up 3.2%. Global banks, oil and Australian dollar hedge funds were amongst worst performers. BetaShares Strong Australian Dollar Hedge Fund (AUDS) was down 1.1%, BetaShares Crude Oil Index ETF - Ccy Hedged (OOO) down 0.7% and BetaShares Global Banks ETF (Hedged) (BNKS) down 0.3%. Inflows for the week were $414 Million and outflows totalled $19 million. Majority of the inflows were seen by iShares S&P/ASX 200 ETF (IOZ). Outflows were highest from BetaShares S&P/ASX 200 Financials Sector ETF (QFN).

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Weekly ETF Monitor for week ending 10 January 2020

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Jan 13, 2020

This week's highlights Asian equities dominated the top performing funds last week, with CNEW, ASIA, IKO and IAA all returning 3.5% or more. Australian shares also had a strong week with the S&P/ASX 200 reaching new all-time highs. DIV and ILC were the week’s best performing domestic equity funds. Global banks (BNKS), gold miners (GDX and MNRS) and a range of commodity funds were the biggest decliners for the week. Precious metals were mixed. Gold rallied to 6-year highs following Iran’s military action against U.S. assets, before pulling-back as tensions eased. ETFS Physical Gold (GOLD) finished the week 1.0% higher. ETFS Palladium (ETPMPD) soared 7.5% to new all-time highs, while platinum and silver declined. Crude oil spiked above US$65/bbl before dropping sharply. OOO declined 6.3% for the week. Total flows into domestically domiciled ETFs were $368m, while outflows totalled $72m. iShares Core MSCI World All Cap ETF (Hedged) (IHWL) saw the largest inflows for the week, followed by a range of equity, fixed income and commodity funds. Domestic equity funds IOZ and STW saw the bulk of the week’s outflows. VAS was the most traded fund last week, followed by SWT and IOZ. IHWL and GOLD saw above average volumes. ETFS Morningstar Global Technology ETF (TECH) returned 38.1% in 2019 and is already up 4.4% in 2020. TECH provides equally-weighted exposure to a diverse range of technology companies that have strong competitive advantages in their field and are attractively valued, as determined by Morningstar’s analyst ratings.

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