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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. ...
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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. ...