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Weekly ETF Monitor for week ending 1 May 2020

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May 05, 2020

This week's highlights Equity markets were mixed last week. India funds (NDIA and IIND) were the top performers for the week, returning 8.4% and 6.1% respectively. European funds (ESTX and HEUR) as well as a range of active ETFs (IMPQ, INES and VVLU) were also amongst the top performers. Biotech (CURE) and healthcare (IXJ) funds were amongst the poorest performers amidst coronavirus-related volatility. Precious metals mostly declined last week with GOLD down 2.8% and palladium (ETPMPD) falling 4.6%. Oil remained volatile, but finished the week relatively unchanged. The Australian dollar traded above US65c before ending just above US64c. Total flows into domestically domiciled ETFs were $317m, while outflows totalled $76m. Cash fund AAA saw the biggest inflows for the week, followed by QUAL and a range of domestic equity funds (A200, IOZ and STW). Hedged MSCI World fund (IHWL) saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the week, followed by VAS and bearish US fund BBUS. OOO saw above average volumes in-line with its flows. ETFS Reliance India Nifty 50 ETF (NDIA), which tracks the 50 largest companies listed on India’s NSE, returned 8.4% for the week. The Indian market was buoyed by better than expected corporate earnings and encouraging initial results of a potential COVID-19 treatment.

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Weekly ETF Monitor for week ending 24 April 2020

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Apr 28, 2020

This week's highlights Equity markets mostly retreated last week as the rebound stalled across many sectors. Gold miners (MNRS and GDX) and biotechnology (CURE) were the top performing long-only equity funds. Bearish funds (BBOZ, BEAR and BBUS) also fared well. Australian property funds (MVA, SLF and VAP), dividend yield funds (ZYAU and MVS) and sustainability funds (GRNV and FAIR) were amongst the poorest performers for the week. Oil continued its dramatic slide, with OOO dropping 45.6% for the week. Gold consolidated above US$1,700/ounce, with GOLD, PMGOLD and QAU all amongst the week’s top performers. Total flows into domestically domiciled ETFs were $333m, while outflows totalled $128m. Oil fund OOO saw the biggest inflows as investors looked to profit from historically low prices. Domestic floating rate note funds (FLOT and QPON) saw the biggest outflows for the week along with emerging market equities (IEM). Bearish domestic fund BBOZ was the most traded fund for the week, followed by broad-based funds OOO and VAS. IEM saw above average volumes in-line with its flows. ETFS S&P Biotech ETF (CURE), which tracks the performance of an equally weighted portfolio of US-listed biotechnology companies, returned 5.7% for the week and is up 11.7% year-to-date. In comparison, the benchmark S&P 500 Index has declined by 2.7% year-to-date in Australian dollar terms.

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Weekly ETF Monitor for week ending 17 April 2020

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Apr 21, 2020

This week's highlights The rebound in equity markets continued last week. Healthcare (Biotechnology) and technology sectors provided many of the top performing ETFs for the week with FANG and CURE returning 10.1% and 8.7% respectively. Precious metals GOLD and ETPMPD are the top performers year to date. Oil continued its slide, with OOO dropping 14.7% for the week and oil futures moving well into uncharted territory. Total flows into domestically domiciled ETFs were $225m, while outflows totalled $133m. International bear equity fund BBUS saw the biggest inflows, while funds OOO, BBOZ and IOZ also saw strong flows. Australian portfolio diversifier fund EX20 saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the second week running, followed by broad-based funds VAS and STW. ETFS FANG+ ETF (FANG), which tracks the performance of technology leaders such as Apple, Alphabet (Google), Amazon, Facebook and Netflix, returned 10.1% for the week and is now up 7.8% since its inception at the end of February 2020.

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Webinar: The FANG Future

Apr 20, 2020

Watch Webinar Recording: The FANG Future Recorded on the 7th April 2020, this webinar looks at the ETFS FANG+ ETF: How the FANG companies have been affected by the current COVID-19 situation and the outlook ahead The highly traded high growth companies held in FANG Why we launched FANG and how to use it in a portfolio Why invest via an ETF rather than using alternative investment options Note: skip to 2:53 for start of presentation

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Weekly ETF Monitor for week ending 10 April 2020

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Apr 15, 2020

This week's highlights The rebound in equity markets continued into the Easter long weekend. Global and domestic real estate sectors provided many of the top performing ETFs for the week with REIT, SLF, MVA, VAP and DJRE all returning in excess of 13%. Small- and mid-cap U.S. equities (IJR and IJH) and global banks (BNKS) also posted strong returns. With most sectors and markets posting gains, only bearish funds were amongst the poorest performers across equity ETFs. Oil continued its slide, with OOO dropping 17.7% for the week. The US dollar declined against most majors. Precious metals advanced in US dollar terms, but declined against a strengthening AUD. Total flows into domestically domiciled ETFs were $398m, while outflows totalled $190m. Domestic equity fund IOZ saw the biggest inflows, while bearish funds BBOZ, BBUS, cash fund AAA and currency hedged equity funds (IHVV and QHAL) also saw strong flows. High yield fixed income fund IHHY saw the week’s biggest outflows for the second week running. Bearish domestic fund BBOZ was the most traded fund for the week, followed by broad-based funds VAS and STW. ETFS FANG+ ETF (FANG), which tracks the performance of technology leaders such as Apple, Alphabet (Google), Amazon, Facebook and Netflix, returned 4.6% for the week and is down by just 2.1% since its inception at the end of February 2020. The NYSE FANG+ Index, which FANG tracks, has posted a positive return of 11.2% year-to-date, despite the broad market sell-off.

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Weekly ETF Monitor for week ending 3 April 2020

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Apr 07, 2020

This week's highlights Domestic equities rallied strongly last week as early signs of declining infection rates emerged. Resource sector funds (MVR, OZR and QRE) were all amongst the top performing ETFs for the week. Global energy companies (FUEL) also rallied as oil regained some ground. On the negative side, global banks (BNKS) and real estate funds (REIT and DJRE) were amongst the poorest performers, along with Japanese equities (HJPN and UBJ). Gold and silver pushed higher, while platinum and palladium declined. Oil rebounded on hopes of supply cuts, with OOO topping the weekly performance charts, up 31.9%. The Australian dollar ended the week dipping back below US60c. YANK was amongst the week’s top performers. Total flows into domestically domiciled ETFs were $539m, while outflows totalled $292m. Domestic equity fund STW saw the biggest inflows, while bearish funds BBOZ, BBUS and BEAR and gold (GOLD) also saw strong interest from investors expecting further downside. High yield fixed income fund IHHY saw the week’s biggest outflows. Bearish domestic fund BBOZ was the most traded fund for the fourth week running, followed by broad-based funds VAS and STW. Hedged global equity fund VGAD saw above average trading. ETFS Physical Silver (ETPMAG) has returned 16.9% since its mid-March low. At that time the widely followed gold/silver ratio reached all-time highs above 120, meaning that gold was briefly more than 120x more expensive than silver per ounce.

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