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This week's highlights Last week saw mixed results for Australian listed ETFs as markets digested the Fed’s stance on interest rates. VanEck’s China New Economy ETF (CNEW) continued its strong YTD performance up 4.6% for the week. Whilst BetaShares’ Global Gold Miners ETF (MNRS) returned 3.1% and ETFS Physical Platinum (ETPMPT) rounded out the top three best weekly performers. The top performers over the previous 12 months are still ETFS Palladium (ETPMPD) up over 70%. Followed by domestic and international property ETFs; GLIN, VAP and SLF. Resources ETFS also featuring in the top ten for the week were OZR and QRE. Domestically domiciled ETFs saw total flows in of $A127 Million for the week and flows out of $A162 Million. The best flows for the week were seen across local beta ETFs A200 and IOZ with a cumulative flow of over $A40 Million. Fixed interest ETFs continued their steady positive flows over the week. FLOT, PLUS and CRED all saw inflows. The largest outflow for the week was from iShares IVV, which saw an outflow of over A$43 Million. Looking at turnover, unsurprisingly broad-based ETFs and cash products topped Average Daily Traded Value metrics for the week and also YTD. ...
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This week's highlights Risk-on sentiment returned last week as U.S.-China trade tensions cooled. Energy and technology sectors outperformed. ETFS S&P Biotech ETF (CURE), NDQ, RBTZ and FUEL were amongst the top performers for the week. China-focused funds (IZZ and CNEW) outperformed following strong economic data. ETFS EURO STOXX 50 ETF (ESTX) returned 3.2% as the UK Parliament voted against a no-deal Brexit. The U.S. dollar weakened last week with USD, ZUSD and YANK all amongst the poorest performers. Australian banks also underperformed with QFN, OZF and MVB all dropping more than 1%. Total flows into domestically domiciled ETFs were $165m for the week, while outflows totalled $81m. The biggest inflows were into U.S. equity funds (IVV and IJR) along with global ex-U.S. equities (IVE) and bearish Australian equities (BBOZ). BetaShares Australian High Interest Cash ETF (AAA) saw the bulk of the week’s outflows. IVV and AAA were the most traded funds last week, while IJR, IVE and UBA saw above average volumes. ...