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Weekly ETF Monitor for week ending 8 September 2017

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Dec 08, 2017

The risk-off theme continued into last week with uncertainty around the US government debt ceiling negotiations, Hurricane Irma and North Korea. The S&P/ASX 200 declined by 0.9% last week, the S&P 500 lost 0.6% and the Nikkei 225 dropped 2.1%, while the EURO STOXX 50 posted a modest gain. Domestic resource sector ETFs (MVR and QRE) were the top performing equity funds for the week. The US dollar weakened against most major currencies, with US Treasury yields registering their lowest levels for the year-to-date. The Australian dollar gained over 1%, ending the week at US80.6c. The euro gained 1.5% and the yen jumped 2.2% against the US dollar. Precious metals made strong gains last week, with gold up 1.6% and silver up 1.4%. ETFS Physical Silver (ETPMAG) was the top performing fund for the week, returning 2.9%. WTI Crude posted its first positive week since July, while Iron ore declined by 5.8%. The Australian ETF market saw inflows of A$71m and outflows of A$12m from domestically domiciled ETFs last week. Inflows were mainly into cash and fixed income funds (AAA and QPON), while outflows were from BetaShares Australian Dividend Harvester Fund (HVST).

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Weekly ETF Monitor for week ending 7 July 2017

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Dec 07, 2017

Global equities performance was mixed. The S&P/ASX 200 declined 0.3%. The S&P 500 rose 0.1%, while the EURO STOXX 50 rose 0.6%. Agricultural and Resources ETFs (QAG and YANK) were the top performing equity funds for the week, while gold miners (GDX and MNRS) were amongst the poorest performers. The Australian dollar was down against other major currencies, weakened to US 76c after RBA kept interest rates unchanged and did not signal for a rate hike. The euro slightly dropped 0.2% against the US dollar. Global bonds yields climbed after a better-than-expected US jobs report offered support to the Federal Reserve's plan to raise interest rates, US 10 year Treasury yields up 0.08%. Australian 10 year government bond yields up 0.13%. Broad sell-off in commodities. Gold price fell 2.1% to US$1,216 an ounce on the propsect of another rate rise in the US. WTI crude price dropped 3.9% on the increased US production, iron ore price slipped 3.3%. The Australian ETF market saw inflows of A$171m and outflows of A$18m from domestically domiciled ETFs.

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Weekly ETF Monitor for week ending 6 October 2017

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Dec 06, 2017

Most major markets advanced last week as a risk-on tone returned. The S&P/ASX 200 ended the week up 0.5%, the S&P 500 gained 1.2%, the EURO STOXX 50 gained 0.2% and the Nikkei 225 added 1.6%. Asia and emerging markets returned to favour with four ETFs (IZZ, IBK, UBP and IAA) amongst the top performers for the week. The US dollar strengthened against most major currencies last week. The Australian dollar dropped below US 78c for the first time since July. The euro declined by 0.7%, while pound sterling fell by 2.5% as Brexit concerns and political uncertainty intensified. Precious metals were mixed last week, with gold declining 0.2% despite a rally towards the end of the week. WTI crude dropped back below US$50/bbl, while iron ore stabilised following sharp declines in September. The Australian ETF market saw inflows of A$52m and outflows of A$11m from domestically domiciled ETFs last week. The largest inflows were into iShares S&P/ASX 200 ETF (IOZ) and a range of international equity funds (NDQ, ESTX, BNKS and ROBO).

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Weekly ETF Monitor for week ending 4 August 2017

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Dec 04, 2017

The S&P/ASX 200 added 0.4% last week. VanEck Vectors Australian Resources ETF (MVR) and ETFS S&P/ASX High Yield Plus ETF (ZYAU) were the top performing domestic equity funds for the week. Following Friday's better than expected US employment figures, the S&P 500 gained 0.2%, while the Dow Jones Industrial Average gained 1.2%, topping 22,000 for the first time. The EURO STOXX 50 gained 1.1% for the week on strong GDP and inflation readings. ETFS EURO STOXX 50 ETF (ESTX) returned 2.4% in local currency terms. The Australian dollar lost ground last week dropping 0.8% against the US dollar, 0.9% against the euro and 0.7% against the yen. Gold declined 0.6%, while platinum rallied 4.1%. ETFS Physical Platinum (ETPMPT) was the top performing fund for the week. Iron ore jumped 7.8%, while WTI crude was down 0.3%, consolidating last week's big gain. The Australian ETF market saw inflows of A$433m and outflows of A$270m from domestically domiciled ETFs last week. Inflows were across a range of asset classes, while outflows were mainly from SPDR S&P/ASX 200 Fund (STW).

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Weekly ETF Monitor for week ending 3 November 2017

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Dec 03, 2017

Equity markets received positive news last week with tax reform moving ahead in the US and eurozone GDP surprising to the upside. The S&P/ASX 200 added 1.0%, the S&P 500 gained 0.3%, the EURO STOXX 50 gained 1.0% and the Nikkei 225 added 2.4%. iShares MSCI South Korea Capped ETF (IKO) was the top performing ETF for the week, returning 4.5%, while Australian resource sector ETFs (MVE, QRE and OZR) all returned in excess of 3.8%. The US dollar continued to strengthen, with the Fed signalling 0.75% of rate hikes in 2018. The Australian dollar and the Japanese yen both declined by 0.4%. Pound sterling also declined 0.4% despite the BoE's first rate rise in a decade. WTI crude gained 3.2%, climbing above US$55/bbl for the first time since mid-2015. Gold pulled-back 0.3%, while Palladium continued to rally, gaining 3.0% for the week. The Australian ETF market saw inflows of A$156m and outflows of just A$4m from domestically domiciled ETFs last week. The largest inflows were into cash/ fixed income funds (AAA and PLUS) and domestic equity funds (QOZ, IOZ, MVW).

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