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This week's highlights Equity markets rallied last week on the announcement of significant stimulus measures across the globe. The top performing equity funds for the week offered a range of exposures from global property (REIT), Japan (HJPN), gold miners (MNRS) and energy companies (FUEL). On the negative side, Indian equities (NDIA and IIND) reacted to aggressive lock-down measures and Australian banks lagged the domestic market. Precious metals rebounded strongly from the previous week’s declines. Gold benefited from haven buying and a slowdown in financial deleveraging. Platinum and palladium both saw big jumps on supply concerns linked to mine shutdowns due to coronavirus. Palladium fund ETPMPD was the week’s top performer, returning 31%. Oil continued its decline, while the Australian dollar rally saw AUDS amongst the top performers and YANK, USD and ZUSD amongst the poorest. Total flows into domestically domiciled ETFs were $515m, while outflows totalled $553m. Bearish funds BBOZ and BBUS saw large inflows alongside equity funds A200, IHVV and STW, gold (GOLD) and US dollar cash (USD) also saw strong flows. IVV saw the largest outflows as investors looked for hedged exposures. Emerging market bonds (IHEB) also saw large outflows. Bearish domestic fund BBOZ was the most traded fund for the third week running, followed by broad-based funds STW and VAS. GOLD again saw above average trading. ...
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This week's highlights Another week of extreme volatility saw the S&P/ASX 200 fall 13%, the S&P 500 drop 15% and the VIX peak above 85. Bearish ETFs (BBUS, BBOZ and BEAR) were the top performing funds, while foreign currency funds (YANK, ZUSD, USD and EEU) also saw strong gains for the week as the AUD fell to 17-year lows. Amongst long-only equity funds, gold miners (GDX) bounced back and Japan (IJP) saw modest gains. On the negative side, leveraged funds (GGUS and GEAR) were significant decliners along with oil (OOO). Real estate funds, both domestic (MVA, SLF and VAP) and international (REIT and DJRE) were also amongst the hardest hit. Precious metals mostly declined for the week. Silver and platinum saw big dips, while palladium stabilised. Gold dropped 2% in US dollar terms, but gained ground in AUD. Total flows into domestically domiciled ETFs were $297m, while outflows totalled $918m. Domestic equity funds including STW, GEAR and MVW saw the largest inflows. Cash and fixed income funds (IHEB, AAA, BILL, IAF, QPON, IHHY and CRED) saw significant outflows. ...