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Semiconductors are like the brains of the computer world. They control the flow of electricity and allow all our modern devices to function. Without semiconductors, there would be no televisions, laptops, phones and all the rest. But semiconductor companies can be a bit obscure, highly specialised and unknown to the general public. The companies listed below are all found in the ETFS Semiconductor ETF (ASX Code: SEMI). Taiwan Semiconductor (TSMC) ...
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This week's highlights Falling commodity prices in the face of weaker Chinese demand pushed the Australian dollar and domestic share market lower last week. YANK, a leveraged play in AUD weakness, was the overall top performing fund across the market. Bearish domestic equity fund BBOZ followed. Domestic resource sector funds QRE and OZR were the poorest performers of the week, dropping by more than 10% in the face of a plummeting iron ore price. Energy (FUEL), gold miners (MNRS) and agriculture sector shares (FOOD) were also amongst the week’s poorest performers. Global healthcare funds HTLH and IXJ, India fund IIND and global quality-factor funds QUAL and QLTY were the best performing long-only equity ETFs for the week. Precious metals were mixed. Gold (GOLD) and silver (ETPMAG), which are heavily influenced by investment flows were strong performers for the week, with GOLD up 3.8%. Palladium (ETPMPD), which is a more purely industrial commodity was amongst the poorest performers, falling 10.2%. Oil fund OOO dropped 9.0%. Total reported flows into domestically domiciled ETFs were $396m, while outflows totalled $106m. Domestic equity fund A200 saw the biggest inflows for the week, followed by global equity fund QUAL. Australian fixed income and cash funds IAF, AAA and PLUS. VAS was the most traded fund for the week, followed by IOZ and VGS. IAF saw above average volumes. ...