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In the final ETFS Weekly Market Monitor for 2017 we look back at the best and worst performers for the year-to-date. Non-Japan Asia was the standout segment within equity markets, with UBP, IKO and IAA all returning in excess of 30% so far this year. The poorest performers included a range of bearish products (BBUS and BBOZ), which underperformed in a strong risk-on environment. Within the domestic equity space, small- and mid-cap funds outperformed, with MVE and SSO being the top performers, while HVST was the poorest performer. High yield plays provided the best returns in the fixed income arena, with IHEB returning 9.9%, followed by IHYY, which returned 6.4%. Within currency funds, euro (EEU) has been the best performer in 2017 returning 5.1%, while US dollar (USD and ZUSD) lagged, down over 5%. Palladium was the top commodity performer, with ETPMPD returning 43.3%. Agriculture was the poorest performing sector, with QAG declining 13.4%. The Australian ETF market saw inflows of A$95m and outflows of A$27m from domestically domiciled ETFs last week. The largest inflows were into ETFS EURO STOXX 50 ETF (ESTX), while the largest outflows were from BetaShares Australian Dividend Harvester Funds (HVST). ...
The risk-off theme continued into last week with uncertainty around the US government debt ceiling negotiations, Hurricane Irma and North Korea. The S&P/ASX 200 declined by 0.9% last week, the S&P 500 lost 0.6% and the Nikkei 225 dropped 2.1%, while the EURO STOXX 50 posted a modest gain. Domestic resource sector ETFs (MVR and QRE) were the top performing equity funds for the week. The US dollar weakened against most major currencies, with US Treasury yields registering their lowest levels for the year-to-date. The Australian dollar gained over 1%, ending the week at US80.6c. The euro gained 1.5% and the yen jumped 2.2% against the US dollar. Precious metals made strong gains last week, with gold up 1.6% and silver up 1.4%. ETFS Physical Silver (ETPMAG) was the top performing fund for the week, returning 2.9%. WTI Crude posted its first positive week since July, while Iron ore declined by 5.8%. The Australian ETF market saw inflows of A$71m and outflows of A$12m from domestically domiciled ETFs last week. Inflows were mainly into cash and fixed income funds (AAA and QPON), while outflows were from BetaShares Australian Dividend Harvester Fund (HVST). ...
Global equities performance was mixed. The S&P/ASX 200 declined 0.3%. The S&P 500 rose 0.1%, while the EURO STOXX 50 rose 0.6%. Agricultural and Resources ETFs (QAG and YANK) were the top performing equity funds for the week, while gold miners (GDX and MNRS) were amongst the poorest performers. The Australian dollar was down against other major currencies, weakened to US 76c after RBA kept interest rates unchanged and did not signal for a rate hike. The euro slightly dropped 0.2% against the US dollar. Global bonds yields climbed after a better-than-expected US jobs report offered support to the Federal Reserve's plan to raise interest rates, US 10 year Treasury yields up 0.08%. Australian 10 year government bond yields up 0.13%. Broad sell-off in commodities. Gold price fell 2.1% to US$1,216 an ounce on the propsect of another rate rise in the US. WTI crude price dropped 3.9% on the increased US production, iron ore price slipped 3.3%. The Australian ETF market saw inflows of A$171m and outflows of A$18m from domestically domiciled ETFs. ...
Most major markets advanced last week as a risk-on tone returned. The S&P/ASX 200 ended the week up 0.5%, the S&P 500 gained 1.2%, the EURO STOXX 50 gained 0.2% and the Nikkei 225 added 1.6%. Asia and emerging markets returned to favour with four ETFs (IZZ, IBK, UBP and IAA) amongst the top performers for the week. The US dollar strengthened against most major currencies last week. The Australian dollar dropped below US 78c for the first time since July. The euro declined by 0.7%, while pound sterling fell by 2.5% as Brexit concerns and political uncertainty intensified. Precious metals were mixed last week, with gold declining 0.2% despite a rally towards the end of the week. WTI crude dropped back below US$50/bbl, while iron ore stabilised following sharp declines in September. The Australian ETF market saw inflows of A$52m and outflows of A$11m from domestically domiciled ETFs last week. The largest inflows were into iShares S&P/ASX 200 ETF (IOZ) and a range of international equity funds (NDQ, ESTX, BNKS and ROBO). ...
The S&P/ASX 200 added 0.4% last week. VanEck Vectors Australian Resources ETF (MVR) and ETFS S&P/ASX High Yield Plus ETF (ZYAU) were the top performing domestic equity funds for the week. Following Friday's better than expected US employment figures, the S&P 500 gained 0.2%, while the Dow Jones Industrial Average gained 1.2%, topping 22,000 for the first time. The EURO STOXX 50 gained 1.1% for the week on strong GDP and inflation readings. ETFS EURO STOXX 50 ETF (ESTX) returned 2.4% in local currency terms. The Australian dollar lost ground last week dropping 0.8% against the US dollar, 0.9% against the euro and 0.7% against the yen. Gold declined 0.6%, while platinum rallied 4.1%. ETFS Physical Platinum (ETPMPT) was the top performing fund for the week. Iron ore jumped 7.8%, while WTI crude was down 0.3%, consolidating last week's big gain. The Australian ETF market saw inflows of A$433m and outflows of A$270m from domestically domiciled ETFs last week. Inflows were across a range of asset classes, while outflows were mainly from SPDR S&P/ASX 200 Fund (STW). ...
Equity markets received positive news last week with tax reform moving ahead in the US and eurozone GDP surprising to the upside. The S&P/ASX 200 added 1.0%, the S&P 500 gained 0.3%, the EURO STOXX 50 gained 1.0% and the Nikkei 225 added 2.4%. iShares MSCI South Korea Capped ETF (IKO) was the top performing ETF for the week, returning 4.5%, while Australian resource sector ETFs (MVE, QRE and OZR) all returned in excess of 3.8%. The US dollar continued to strengthen, with the Fed signalling 0.75% of rate hikes in 2018. The Australian dollar and the Japanese yen both declined by 0.4%. Pound sterling also declined 0.4% despite the BoE's first rate rise in a decade. WTI crude gained 3.2%, climbing above US$55/bbl for the first time since mid-2015. Gold pulled-back 0.3%, while Palladium continued to rally, gaining 3.0% for the week. The Australian ETF market saw inflows of A$156m and outflows of just A$4m from domestically domiciled ETFs last week. The largest inflows were into cash/ fixed income funds (AAA and PLUS) and domestic equity funds (QOZ, IOZ, MVW). ...
The S&P/ASX 200 had a mixed week, ending 0.1% higher with Utilities and Energy sectors performing strongly, while Industrials and Materials lagged. The S&P 500 gained 1.5% as the US Senate passed the tax reform bill. Technology stocks sold off as investors rotated into defensive sectors in the US. US-focused ETFs with more defensive sector exposures performed strongly; QUS, MOAT and ZYUS were amongst the top performers for the week. Asia and emerging markets sold off, with UBP, IBK, IAA and IZZ all declining by more than 3.7%. The Australian dollar was relatively flat for the week. The euro and yen declined against the US dollar, while the pound sterling jumped over 1%, reaching a 2 month high.  Precious metals mostly declined; gold dropped 0.6% and silver fell 3.6%, while WTI crude dipped 1% and iron ore gained 3.2%. The Australian ETF market saw inflows of A$587m and outflows of A$36m from domestically domiciled ETFs last week. Inflows were largely into S&P/ASX 200 trackers (IZO and STW). ...
The S&P/ASX 200 declined by 0.3% last week, dragged down by the financials and real estate sectors. ETFs in those sectors (MVB, QFN and OZF) were amongst the poorest performers for the week. Offshore, the S&P 500 added 1.4%, the Nikkei 225 gained 1.2% and the EURO STOXX 50 also posted a modest gain. The Australian dollar continued to range trade, ending the week 0.5% higher at US 79.75c. It has now traded almost exclusively within a US78-80c range for the past 7 weeks. The euro lost 0.5% against the US dollar, only its second weekly decline since June, while the yen also lost 0.8%. Precious metals made strong gains last week, with gold up 2.6% and silver up 3.9%. Gold and gold mining ETFs (GDX, MNRS and QAU) were amongst the top performers for the week. WTI Crude declined for a fifth consecutive week. The Australian ETF market saw inflows of A$65m and outflows of A$21m from domestically domiciled ETFs last week. Inflows were into broad-based equity funds (IOZ and SFY) and cash/fixed-income products (PLUS, QPON and FLOT). Outflows were primarily from BetaShares Australian High Interest Cash ETF (AAA). ...
Equity markets rebounded last week with the S&P/ASX 200 up 0.4% and the S&P 500 gaining 0.9% and hitting a new record high. Europe and Asia also posted strong gains, with the EURO STOXX 50 up 1.0% and Hong Kong's Hang Seng up 2.3%. ETFS ROBO Global Robotics and Automation ETF (ROBO) was the top performing equity ETF last week, returning 2.6% for the week and 9.0% for the month as investor interest in the robotics, automation and AI theme continues to grow both in Australia and offshore. Australian resource sector ETFs also performed strongly with QRE, OZR and MVR all returning over 2%. The Australian dollar gained 0.7% last week, rising back above US 76c, while the euro gained 1.2% and the Japanese yen gained 0.5% against the US dollar. Precious metals mostly declined as risk-on sentiment returned; gold dropped 0.3% and silver fell 1.5%. WTI crude added 4.2%, ending the week above US$58/bbl for the first time in over 2 years. Iron Ore posted its third consecutive weekly gain, adding 8.5%. The Australian ETF market saw inflows of A$106m and outflows of A$107m from domestically domiciled ETFs last week. Inflows were into a range of domestic equity ETFs (QRE, QOZ and EX20), QPON and ROBO. ROBO has seen cumulative inflows of over A$26m since inception in mid-September. ...
S&P/ASX 200 posted its worst weekly performance since June, declining 1.2% and falling back below 6,000 as risk assets sold off globally early last week, before recovering. The S&P 500 rebounded on tax reform progress and a strong CPI reading, ending the week down 0.1%. The EURO STOXX 50 and Nikkei 225 both declined by 1.3%. US small cap stocks performed strongly. iShares Core S&P SmallCap 600 ETF (IRJ) was the top performing ETF, returning 3% for the week. Non-Japan Asia also performed well with IKO and UBP amongst the top performing funds. The Australian dollar declined 1.3% to 0.7564, while the euro gained 1.1% against the US dollar and the Japanese yen gained 1.3%. BetaShares Euro ETF (EEU) was amongst the top performing ETFs for the week, returning 2.7%. Precious metals advanced last week, with gold up 1.4% and silver up 2.5%. WTI crude retreated modestly ahead of this month's OPEC meeting. The Australian ETF market saw inflows of A$134m and outflows of just A$2m from domestically domiciled ETFs last week. Inflows were into a range of equity and fixed income funds including STW, IOZ, PLUS and QPON. ...
Europe Playing Catch Up ETFS Trade idea – ETFS EURO STOXX 50® ETF (ESTX) The European Central Bank’s (ECB) proactive approach is helping aid Europe’s economic recovery Lending growth is on the up The ECB wants a weaker euro which will support many of the multi-nationals in the EURO STOXX 50, who generate a majority of their revenue offshore ...
The S&P/ASX 200 ended last week flat after giving up earlier gains following the High Court's ruling on eligibility of MPs. The S&P 500 advanced 0.2%, with strong advances in the technology sector. The EURO STOXX 50 added 1.3% as the ECB announced an extension of its bond-buying programme, while in Japan the Nikkei 225 gained 2.6% following Abe's conclusive election victory. Japan-focused ETFs (IJP and UBJ) were amongst the top performers for the week returning over 4%. The Australian dollar dropped to its lowest levels since July, declining 1.8% to below US 77c. The euro dropped 1.5% on lower rate expectations. WTI crude gained 4.7% on concerns of OPEC supply cuts. Precious metals declined for the week in-line with US dollar strength, though gold ended the week strongly in response to political tensions in Spain. The Australian ETF market saw inflows of A$75m and outflows of A$126m from domestically domiciled ETFs last week. The largest inflows were into cash and fixed income funds (AAA, QPON and PLUS), while the majority of outflows were from SPDR S&P/ASX 200 Fund (STW). ...
The S&P/ASX 200 gained 1.6% last week, trading above 5,900 for the first time since May. The S&P 500 added 0.9%, while the Nikkei 225 gained 1.4% ahead of Shinzo Abe's convincing election victory. ETFS Morningstar Global Technology ETF (TECH) was the top performing unleveraged ETF for the week, returning 2.5%. VanEck Vectors S&P/ASX MidCap ETF (MVE) was the top performing unleveraged domestic equity fund, returning 2.1%. The US dollar gained against most major currencies last week. The Australian dollar declined 0.9% to end the week at US 78.17c. The euro dropped 0.3% and the Japanese yen lost 1.5%. Commodities pulled back last week with gold down 1.8% and silver down 2.2%. Palladium declined 1.6%, but ETFS Physical Palladium (ETPMPD) continues to be the best performing fund on both a year-to-date and 12-month basis. The Australian ETF market saw inflows of A$72m and outflows of A$6m from domestically domiciled ETFs last week. The largest inflows were into a range of cash and fixed income funds (AAA, IAF, PLUS, BILL and QPON). ...
The S&P/ASX 200 advanced strongly last week, adding 1.8%. Eurozone industrial production continued to exceed expectations, pushing the EURO STOXX 50 marginally higher despite some uncertainty from the Catalonian independence claim. The S&P 500 gained 0.2%, while the Nikkei 225 added 2.2% ahead of this week's election. The US dollar pulled back against most major currencies last week after the Fed Reserve's September minutes showed some divided opinions on monetary policy over the coming months. The Australian dollar climbed 1.8% to end the week at US 78.87c. The euro added by 0.8% and the Japanese yen gained 0.7%. Commodities also performed strongly last week with WTI crude up 4.4% and all four precious metals advancing. Palladium was the big mover gaining 7.4% for the week. BetaShares Crude Oil ETF (OOO) and ETFS Physical Palladium (ETPMPD) were the two best performing ETFs last week. The Australian ETF market saw inflows of A$147m and outflows of A$38m from domestically domiciled ETFs last week. The largest inflows were into SPDR S&P/ASX 200 Fund (STW), a range of cash and fixed income funds (AAA, QPON, FLOT, PLUS, IHHY and IHCB) and ETFS Physical Gold (GOLD). ...
Monetary policy was in the spotlight last week, with the US Fed announcing plans to begin winding down it's balance sheet. The S&P 500 dropped on the news, but finished the week slightly up. Elsewhere, the EURO STOXX 50 added 0.7% on strong PMI figures in the lead up to the weekend's German election. The Nikkei 225 gained 1.9%. Domestically, the S&P/ASX 200 declined by 0.2%. Global sector plays (BNKS, FUEL and IXP) and US small caps (IJR and IRU) were the top performing ETFs for the week. The US dollar strengthened against most major currencies. The Australian dollar pulled back 0.5% to below US 80c. Precious metals retreated further, with gold down 1.7% and silver down 3.4%. Iron ore dropped by 11.9% on Chinese demand concerns. The Australian ETF market saw inflows of A$99m and outflows of A$13m from domestically domiciled ETFs last week. The largest inflows were into ETFS Physical Gold (GOLD) and iShares S&P/ASX 200 ETF (IOZ) as well as cash and floating rate income funds (AAA, QPON and FLOT). ETF Securities launched ETFS Global Core Infrastructure ETF (CORE). ...
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. ...
ETFS S&P/ASX 300 High Yield Plus ETF (ZYAU) In this week’s ETF Securities trade idea we look at dividend yield strategies and how they can be used in different ways depending on the investor's goals. Dividend strategies can be implemented in different ways to achieve different goals, which have their own pros and cons. Beware of dividend traps, chasing yield may lead to poor investment choices. Capital growth versus income generation – don’t sacrifice one for the other. ...
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$32m from domestically domiciled ETFs last week. Inflows were mainly across defensive assets such as US dollar cash (USD), gold (GOLD) and fixed income (PLUS, IAF and AAA). Outflows were mainly from domestic equity funds (ZOZI and HVST). ...
Global equities sold off and safe-haven assets rallied last week as tensions between the US and North Korea escalated. The S&P/ASX 200 fell by 0.5%, the S&P 500 dropped 1.4% and the EURO STOXX 50 lost 2.9%. The top performing equity ETFs for the week were both from the gold mining sector (GDX and MNRS), often seen as a leveraged play on the price of gold. The VIX reached its highest levels for 2017 to-date. The Australian dollar fell back below US 79c, trading as low as US 78.39c on Friday. Safe-haven currencies performed strongly, with the Swiss franc up 1.2% against the US dollar and the Japanese yen climbing 1.4%. US 10 year Treasury yields fell by 7 basis points. Gold jumped by 2.4% and silver by 5.2%, with other precious metals following suit. WTI crude declined by 1.5%. ...
Is AUD/USD risk on the downside? ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) Key Teakeaways: The AUD/USD exchange rate is currently close to 2 year highs, at just below US 80c. US rate expectations pulled back in July as political developments have cast uncertainty over the pace of US reforms and growth. ...
The S&P/ASX 200 declined by 0.4% and the S&P 500 ended the week flat, while the EURO STOXX 50 gained 0.4% for the week. iShares Global Telecom ETF (IXP) was the top performing equity fund for the week. The US dollar continued to decline, with the Australian dollar gaining 0.9% to trade above US 80c for the first time in 25 months. The euro gained 0.8%, while the yen added 0.4%. Commodities posted a strong week with gold up 1.3%, silver up 0.8% and palladium gaining 2.7%. WTI Crude jumped 8.6% to approach the US$ 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. ...
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. ...
Global equities rallied last week following Janet Yellen's comments suggesting that the pace of rate normalisation will be more gradual than some had anticipated. The S&P/ASX 200 added 1.1%, the S&P 500 rose 1.4%, the EURO STOXX 50 gained 1.8%, while the MSCI Emerging Markets Index jumped 4.5%. iShares MSCI BRIC ETF (IBK) was the top performing unleveraged equity ETF for the week, returning 2.3% in Australian dollar terms. The Australian dollar gained over 3% on general US dollar weakness and higher commodity prices. The euro gained 0.6% and the pound added 1.6% against the US dollar. The Japanese yen also strengthened by 1.2%. Global bonds yields climbed after a better-than-expected US jobs report offered support to the Federal Reserve's plan to raise interest rates, US 10 year Treasury yields up 0.08%. Australian 10 year government bond yields up 0.13%. Commodities rebounded with WTI crude oil up 5.2% and iron ore up 4.7%. Lower rate expectations also provided positive news for precious metals with gold rising by 1.2% for the week, its best weekly performance in two months. The Australian ETF market saw inflows of A$84m and outflows of A$67m from domestically domiciled ETFs last week. ...
European monetary policy in the spotlight ETFS EURO STOXX 50® ETF (ESTX) Key Takeaway: Despite Draghi’s hawkish statements, Europe’s economic indicators still point to a strong continuing recovery with levels over and above Australia, the US and the UK. In this week’s ETF Securities trade idea we look at key economic indicators released in June across the eurozone as well as looking ahead to the potential end of monetary stimulus, as hinted by the European Central Bank last week, and what that means. ...
Global equities declined last week as monetary policy expectations were re-aligned following hawkish comments from central bankers across the globe. The S&P/ASX 200 declined by 1.7% on Friday to end the week up 0.1%, following an earlier rally in commodities. The S&P 500 declined 0.6%, while the EURO STOXX 50 dropped 2.9% as European inflation disappointed. Resource sector ETFs (QRE and OZR) were the top performing equity funds for the week, while gold miners (MNRS and GDX) were amongst the poorest performers. The Australian dollar ended the week close to 3 month highs, nearing US 77c on general US dollar weakness. The euro gained 2.1% against the US dollar as the ECB hinted at tighter monetary policy. Global bonds sold off, with US 10 year Treasury yields up 0.16% and Australian 10 year government bond yields up 0.23%. WTI crude rebounded 7%, while iron ore gained 14.5%, sending resource stocks higher. The Australian ETF market saw inflows of A$116m and outflows of A$58m from domestically domiciled ETFs. ...