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Weekly ETF Monitor for week ending 23 June 2017

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Jun 23, 2017

The S&P/ASX 200 declined by 1% last week as financial stocks continued to suffer from bank-levy related selling. The S&P 500  gained 0.2% as a rebound in technology stocks from the previous week's dip offset falls in the energy sector. The Nikkei 225 gained 1%, while the EURO STOXX 50 ended the week flat. ETFS Morningstar Global Technology ETF (TECH) was the top performing ETF for the week, while VanEck Vectors ChinaAMC A-Share ETF (CETF) benefited from the decision to include China A-shares in the MSCI Emerging Markets Index. The Australian dollar ended the week 0.7% lower, suffering its worst week in two months on the back of lower commodity prices. WTI crude declined 3.9% to US$43/bbl and officially entered a bear market. Precious metals dipped early in the week before finishing the week strongly. The broad Bloomberg Commodity Index declined 2% for the week. The Australian ETF market saw inflows of A$226m and outflows of A$31m from domestically domiciled ETFs. The largest inflows were into broad-based domestic equity funds (STW, QOZ and IOZ) and BetaShares Australian High Interest Cash ETF (AAA). The bulk of outflows were from iShares S&P 500 AUD Hedged (IHVV).

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Weekly ETF Monitor for week ending 16 June 2017

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Jun 16, 2017

The S&P/ASX 200 rebounded last week, posting a 1.7% gain despite declining commodity prices. Healthcare, real estate and financials were the leading sectors. The three top performing ETFs for the week were all domestic property funds (SLF, VAP and MVA). Globally, the S&P 500 posted a modest gain despite  further declines in the technology sector. The Fed Reserve raised rates for the second time this year. The Australian dollar ended the week 1.3% higher, pushing back above US 76c for the first time since early April. Commodity markets were mostly weaker last week with precious metals declining in the wake of higher US interest rates. WTI crude fell to a new year-to-date low on higher OPEC output in May. The Australian ETF market saw inflows of A$79m and outflows of A$28m from domestically domiciled ETFs. The largest inflows were into broad-based domestic equity funds (QOZ and STW) and the largest outflows were from BetaShares Australian High Interest Cash ETF (AAA).

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Weekly ETF Monitor for week ending 09 June 2017

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Jun 09, 2017

Global equity markets were mostly in the red last week, with former FBI director James Comey's testimony and the British election weighing on the market. The S&P/ASX 200 declined by 1.9%, its worst weekly performance of the year. The S&P 500 ended the week down 0.3% and the Nasdaq 100 dropped 2.4%, following wide-spread selling in the technology sector on Friday. Bearish domestic equity ETFs (BBOZ and BEAR) were amongst the top performing funds for the week, whilst domestic property ETFs (SLF, MVA and VAP) were amongst the poorest performers. The Australian dollar ended the week 1.1% higher, pushing back above US 75c. Pound sterling dropped over 1% following the British election outcome. WTI crude dropped 3.8% following news of higher than expected US inventories. Iron ore fell by 5.9% on slowing Chinese growth. ETFS Physical Palladium ETF (ETPMPD) was the top performing fund for the second week running, returning 5.7% for the week and 27.2% year-to-date. Demand for the metal, mainly from the auto industry, has spiked recently pushing prices to 16 year highs. The Australian ETF market saw inflows of A$85m and outflows of A$5m from domestically domiciled ETFs.

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Weekly ETF Monitor for week ending 02 June 2017

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Jun 02, 2017

The S&P/ASX 200 rose 0.6% last week following a bounce on Friday on strong economic data out of the US and a firming expectation of a Fed rate rise this month. The S&P 500 ended the week up 1.0%, while the Nikkei 225 rose 2.5%. Three Japanese equity ETFs (IJP, UBJ and HJPN) were amongst the top performers for the week. The Australian dollar ended the week flat after recovering some lost ground on Friday. The euro and Japanese yen both had strong weeks, gaining against the US dollar. The Chinese renminbi jumped 0.7%, posting its fourth consecutive weekly gain against the US dollar. WTI crude dropped 4.3%, while gold gained 0.8%. Palladium gained 7.3% and posted a new 3-year high on increasing demand from the auto sector. ETFS Physical Palladium ETF (ETPMPD) was the top performing fund for the week, returning 7.4%. The Australian ETF market saw inflows of A$185m and outflows of A$4m from domestically domiciled ETFs. The largest inflows were into SPRD S&P/ASX 200 Fund (STW) and BetaShares Australian High Interest Cash ETF (AAA).

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Weekly ETF Monitor for week ending 26 May 2017

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May 26, 2017

The S&P/ASX 200 ended the week up 0.4%, led higher by the energy and industrials sectors. Offshore, the S&P 500 gained 1.4% and the EURO STOXX 50 declined 0.2%. In Asia, the Nikkei 225 gained 0.5%, while the FTSE China 50 added 2.8% and Korea's KOSPI 200 jumped 3.0%. Chinese and Korean equity funds (IKO, CETF and IZZ) were amongst the top performers for the week. Currency markets were relatively unchanged last week, with the Australian dollar ending marginally lower at US74.5c. The pound sterling declined after polls narrowed in the lead up to next month's UK election. WTI crude advanced early in the week before pulling back on Friday after OPEC announced lower than anticipated production cuts. Gold and silver gained 1.0% and 3.1% respectively. ETFS Physical Silver (ETPMAG) was the top performing commodity fund for the week. Iron Ore declined 7.6%. The Australian ETF market saw inflows of A$55m and outflows of A$1m from domestically domiciled ETFs. The largest inflows were into domestic equity funds (QOZ and MVW).

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