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Weekly ETF Monitor for week ending 15 September 2017

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Sep 15, 2017

The S&P/ASX 200 added 0.4% last week as mining and resource stocks dragged on the local market. Offshore, global stocks hit new highs with the S&P 500 up 1.6%, the EURO STOXX 50 adding 2.0% and the Nikkei 225 up by 3.3% despite continued North Korean aggression. BetaShares WisdomTree Japan ETF (HJPN) was the top performing equity ETF for the week, returning 3.9%. The US dollar strengthened against most major currencies and US Treasury yields rose sharply. The Australian dollar pulled back 0.7% to US 80c, while the euro declined by a similar amount. The Japanese yen dropped 2.8% against the US dollar. Pound sterling gained 3.0% against the US dollar. Precious metals retreated last week, with gold down 2.0% and silver down 2.1%. WTI Crude added 5.1%, trading above US$50/bbl for the first time since July. The Australian ETF market saw inflows of A$76m and outflows of A$10m from domestically domiciled ETFs last week. The largest inflows were into cash and fixed income funds (PLUS and BILL) with a range of equity funds also attracting inflows. ETF Securities launched ETFS ROBO Global Robotics and Automation ETF (ROBO), Australia's first specialist robotics, automation and AI ETF.

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Weekly ETF Monitor for week ending 18 August 2017

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Aug 18, 2017

Tensions between the US and North Korea eased last week, proving positive for risk assets. The S&P/ASX 200 gained 1.0% and the EURO STOXX 50 added 1.2%. The S&P 500 declined by 0.7% as Fed minutes showed a divided outlook for inflation. The top performing equity ETFs for the week were Australian property funds with MVA and VAP returning 2.7% and 2.3% respectively. The Australian dollar strengthened above US 79c, trading as high as US 79.63c on Thursday. The euro strengthened by over 1% against the US dollar as the ECB expressed concern over the strength of the currency. Gold and silver declined as safe haven assets gave up some of the previous week's gains. Palladium posted a new 16-year high on rising demand from the auto sector and supply concerns. ETFS Physical Palladium (ETPMPD) was the top performing fund for the week returning 3.3%. The Australian ETF market saw inflows of A$110m and outflows of A$32m from domestically domiciled ETFs last week. Inflows were mainly across defensive assets such as US dollar cash (USD), gold (GOLD) and fixed income (PLUS, IAF and AAA). Outflows were mainly from domestic equity funds (ZOZI and HVST).

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Weekly ETF Monitor for week ending 11 August 2017

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Aug 11, 2017

Global equities sold off and safe-haven assets rallied last week as tensions between the US and North Korea escalated. The S&P/ASX 200 fell by 0.5%, the S&P 500 dropped 1.4% and the EURO STOXX 50 lost 2.9%. The top performing equity ETFs for the week were both from the gold mining sector (GDX and MNRS), often seen as a leveraged play on the price of gold. The VIX reached its highest levels for 2017 to-date. The Australian dollar fell back below US 79c, trading as low as US 78.39c on Friday. Safe-haven currencies performed strongly, with the Swiss franc up 1.2% against the US dollar and the Japanese yen climbing 1.4%. US 10 year Treasury yields fell by 7 basis points. Gold jumped by 2.4% and silver by 5.2%, with other precious metals following suit. WTI crude declined by 1.5%.

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Weekly ETF Monitor for week ending 28 July 2017

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Jul 28, 2017

The S&P/ASX 200 declined by 0.4% and the S&P 500 ended the week flat, while the EURO STOXX 50 gained 0.4% for the week. iShares Global Telecom ETF (IXP) was the top performing equity fund for the week. The US dollar continued to decline, with the Australian dollar gaining 0.9% to trade above US 80c for the first time in 25 months. The euro gained 0.8%, while the yen added 0.4%. Commodities posted a strong week with gold up 1.3%, silver up 0.8% and palladium gaining 2.7%. WTI Crude jumped 8.6% to approach the US$ 50/bbl mark. BetaShares Crude Oil Index ETF (OOO), BetaShares Commodities Basket ETF (QCB) and ETFS Physical Palladium (ETPMPD) were all amongst the top performing funds for the week. The Australian ETF market saw inflows of A$58m and outflows of A$14m from domestically domiciled ETFs last week.

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Weekly ETF Monitor for week ending 21 July 2017

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Jul 21, 2017

The S&P/ASX 200 declined by 0.7% as more hawkish statements from RBA saw the market dip on Tuesday. The S&P 500 gained 0.5%, also led by shifting rate expectations. The EURO STOXX 50 lost 2.1% for the week. BetaShares Global Gold Miners ETF (MNRS) was the top performing equity fund for the week as the market continued to turn positive for precious metals. The Australian dollar gained another 1.1% against the US dollar last week. The euro gained 1.7% and the yen also gained 1.2% as the US dollar fell on lower interest rate expectations and potential delays to Trump's policy agenda. Commodities posted a strong week with gold up 1.5% and silver jumping 4.6%. ETFS Physical Silver (ETPMAG) was the top performing fund for the week. Iron ore also rallied on higher than expected Chinese growth. The Australian ETF market saw inflows of A$196m and outflows of A$141m from domestically domiciled ETFs last week. The largest flows for the week were in the cash sector with inflows into BILL and QPON and outflows from AAA.

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