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This week's highlights Global equity markets bounced last week as volatility subsided in the run-up to this week's U.S. midterm elections. The S&P 500 ended the week up 2.4%, while the EURO STOXX 50 added 2.5% and the Nikkei 225 jumped 5.0%. Leveraged funds aside, the top performing ETFs for the week were global robotics funds (RBTZ and ROBO), which returned in excess of 6%. Asia Pac funds also performed strongly. Bearish equity funds, unsurprisingly, dominated the worst performers list. The Australian dollar ended the week stronger at US71.93c. U.S. 10-year Treasury yields rose 14bps and expectations of a December hike by the Fed firmed on strong U.S. employment data. Gold traded in a tight range, ending the week slightly lower at US$1,233/ounce, while platinum rose 4.3%. WTI crude fell 6.6% to US$63.14/bbl as U.S. sanctions on Iranian exports commenced. The Australian ETF market saw inflows of $447m into and outflows of $264m from domestically domiciled funds last week. The largest inflows were into domestic equity ETFs (VAS, VHY and STW), while global broad-based equity funds (VGS and VGAD) also attracted strong flows. The bulk of outflows were also from domestic equities (IOZ). ...
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This week's highlights Global equity markets stabilised last week. The S&P 500 ended the week flat, while the EURO STOXX 50 rose 0.5% and the Nikkei 225 fell 0.7%. Defensive sectors outperformed, with ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) being amongst the top performers. Global infrastructure funds were the top performers with MICH and GLIN returning 2.2% for the week. Domestically, the S&P/ASX 200 ended the week 0.7% higher. Real estate was the top performing domestic s