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This week's highlights In a week that saw technology stocks lead global markets lower, ETFS Ultra Short Nasdaq 100 Hedge Fund (SNAS) was the week’s overall top performing fund, up 8.3%. ETFS S&P Biotech ETF (CURE) gained 5.7% as global concerns over the Omicron variant intensified. Mining and resources funds (MNRS, OZR, GDX and QRE) and domestic property funds (VAP and SLF) were also amongst the top performers. Crypto-related funds DIGA and CRYP were the week’s poorest performing ETFs, followed by a range of technology and energy-related funds. Precious metals gained ground, with GOLD ending the week 1.8% higher. Silver fund ETPMAG was the week’s top performing commodity ETP, up 3.7%. Total reported flows into domestically domiciled ETFs were $351m, while outflows totalled $123m. The largest inflows for the week were into broad-based global equity fund IWLD, followed by cash fund AAA. Australian equity fund IOZ saw the largest outflows for the week. VAS was the most traded fund for the week, followed by AAA. ...
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Artificial intelligence has been the topic de jure the past two years. As the coronavirus has pushed companies to automate work and thereby reduce infection risks, AI companies have been sailing with wind in their sails, and with fresh worries about the omicron variant, this trend looks set to continue into 2022. Below we look at five top AI stocks. iRhythm Technologies (Nasdaq: IRTC) iRhythm is bringing the world of big data and AI to diagnostics. The aim of which is to create something like a computer version of Dr Gregory House, the character from the medical TV show. Specifically, iRhythm has developed technology that diagnoses heart problems. The company builds wearable heart monitors that can quickly diagnose issues with patients’ heart rates. ...