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This week's highlights Global equities fell last week on a lower growth outlook following below expectation economic data across the regions. The S&P/ASX 200 dropped 1.4% with resources being the only positive sector for the week. Resource sector ETFs (QRE and OZR) were the top performing long-only equity funds. Offshore, the S&P 500 fell 1.3%, with financials being hit hardest. The Nikkei 225 fell 1.4%, while the EURO STOXX 50 gained 1.1%. U.S. 10-year Treasury yields rose 4 basis points and the U.S. dollar gained against most majors. The Australian dollar ended the week lower at US71.72c. Pound sterling continued to decline on further Brexit uncertainty. Precious metals pulled-back, with gold down 0.8% to US$1,239/ounce. Palladium continued its run up and is now close to 50% above its August low. ETFS Physical Palladium (ETPMPD) returned 2.7% for the week. Crude oil fell 2.7% for the week, while the broad Bloomberg Commodity Index dropped 2.7%. The Australian ETF market saw inflows of $164m into and outflows of $106m from domestically domiciled funds last week. The largest flows were into BetaShares Australia 200 ETF (A200), iShares Treasury ETF (IGB) and iShares S&P/ASX 200 ETF (IOZ). ...
This week's highlights Global equities declined last week on growth expectations and spiralling U.S.-China trade tensions. The S&P 500 fell 4.6%, with financials being hit hardest; BetaShares Global Banks ETF (BNKS) fell 5.2% for the week. The EURO STOXX 50 dropped 3.6% as a key week in the Brexit process approaches. The Nikkei 225 fell 3.0%. Domestically, the S&P/ASX 200 ended up on positive territory, up 0.3%. Property funds (MVA and SLF) were the top domestic funds for the week. U.S. 10-year Treasury yields fell 14 basis points on lower growth expectations. Similarly Australian 10-year yields fell 15 basis points. The Australian dollar ended the week 1.3% lower at US72.08c. Pound sterling fell for a fourth consecutive week and approached its lowest levels since June 2017. Precious metals advanced, with gold up 2.4% to US$1,249/ounce. Palladium briefly topped gold as the most valuable precious metal and ETFS Physical Palladium (ETPMPD) is clearly the year's top performing ETF to date, returning 23.4% in 2018. Crude oil also gained, adding 3.3% following OPEC's agreement to cut production by more than originally anticipated. The Australian ETF market saw inflows of $120m into and outflows of $12m from domestically domiciled funds last week. The largest flows were into BetaShares Australia 200 ETF (A200) and a range of international equity funds (WDMF, NDQ and IHVV). ...
This week's highlights U.S. equities rallied strongly last week on Fed comments that interest rates are approaching equilibrium and a truce in the trade dispute with China. The S&P 500 gained 4.9%, led higher by IT and healthcare stocks. ETFS Morningstar Global Technology ETF (TECH) was the top performing unleveraged ETF for the week, returning 6.5%. NDQ returned 5.4%, while global healthcare fund DRUG returned 5.0%. Elsewhere the EURO STOXX 50 added 1.1% and the Nikkei 225 gained 3.3%. Domestically, the S&P/ASX 200 fell by 0.9% with the biggest declines being in the mining sector. QRE and OZR were both amongst the poorest performers for the week. The Australian dollar ended the week 1.0% stronger at US73.06c. U.S. Treasury yields pulled back as rate hike expectations tapered. Crude oil halted its recent slide, gaining 1.0% for the week as expectations of an OPEC production cut firmed. Gold fell slightly to US$1,221/ounce, while platinum declined 5.4%. The broad Bloomberg Commodities Index gained 1.3%. The Australian ETF market saw inflows of $349m into and outflows of $101m from domestically domiciled funds last week. The largest flows were into and out of broad based domestic and international equity funds. ...
This week's highlights The global equity correction continued last week. The S&P 500 fell 3.8% as big technology names sold off. Apple was one of the hardest hit, falling 11.0%. BetaShares NASDAQ 100 ETF (NDQ) returned -3.8% for the week. The global energy sector also saw big moves with BetaShares Global Energy Companies ETF (FUEL) falling 4.3%. Healthcare is now the top performing US sector in 2018. Australia outperformed with the S&P/ASX 200 down just 0.3%. Financials and real estate were the top sectors and three domestic property funds, SLF, VAP and MVA, were amongst the week's top performing ETFs. The U.S. dollar regained ground last week against most majors. The Australian dollar ended the week 1.4% lower at US72.33c. U.S. Treasury yields pulled back as grown concerns dampened rate hike expectations. Crude oil continued to fall, dropping a further 10.7%. BetaShares Crude Oil Index ETF (OOO) was the poorest performing ETF for the week. Gold was flat for the week, while palladium declined 4.8%. The broad Bloomberg Commodities Index fell 2.9%. The Australian ETF market saw inflows of $212m into and outflows of $73m from domestically domiciled funds last week. The largest inflows were into domestic equity (A200, QOZ and E20) and fixed income (CRED and QPON) ETFs. Outflows were from Taiwanese equities (ITW) and domestic cash (AAA). ...
This week's highlights Cyclical stocks (technology, consumer discretionary and energy) led equity markets lower last week. The S&P 500 fell 1.6% and the VIX remained elevated following its October spike. The EURO STOXX 50 fell 1.5% as Brexit and Italy concerns continued to develop. In Asia, Japan's Nikkei 225 dropped 2.6%, while China's Shanghai Composite provided some positive news, gaining 3.1% on strong manufacturing data. CETF was amongst the top performing ETFs for the week. Domestically the S&P/ASX 200 fell 3.2% as the overweight financials and materials sectors pulled-back. The U.S. dollar fell broadly last week as uncertainty around a December hike increased. The Australian dollar ended the week 1.5% stronger at US73.32c. Gold rallied last week, gaining 1.1% to US$1,223/troy ounce. Palladium gained 5.4% on growing auto demand supply concerns. ETFS Physical Palladium (ETPMPD) was the top performing unleveraged fund for the week. WTI crude fell 6.2% to its lowest level since last December and BetaShares Crude Oil Index ETF (OOO) was the poorest performing unleveraged ETF for the week. The Australian ETF market saw inflows of $138m into and outflows of just $7m from domestically domiciled funds last week. The largest inflows were into domestic equity ETFs (IOZ, OZF and FAIR). ...
The week's highlights Global equity markets rallied last week in the wake of U.S. midterm elections. The S&P 500 gained 2.1% on the expectation that major policy changes would be slowed by the divided government. The EURO STOXX 50 added 0.5%, while the Nikkei 225 was flat. Domestically the S&P/ASX 200 added 1.2%, led higher by the big four banks, which posted an average gain of 4.3% for the week. Bank and property ETFs (MVB and MVA) were amongst the week's best performers. The Fed kept U.S. rates unchanged, while firming expectations of a December hike. Short-term yields rose and longer-dated yields remained near recent highs. The Australian dollar ended the week stronger at US72.26c. Commodities declined with gold down 1.9% and silver down 3.8%. WTI crude fell 4.7% to its lowest level since February and BetaShares Crude Oil Index ETF (OOO) was the poorest performing ETF for the week. The Australian ETF market saw inflows of $116m into and outflows of $23m from domestically domiciled funds last week. The largest inflows were into domestic equity ETFs (IOZ and MVW), while the largest outflows were from domestic small caps (ISO) and U.S. dollar (ZUSD). ...
Key Takeaways Recent market volatility has encouraged investors to position portfolios more defensively ETF Securities has a selection of products more suited to a defensive strategy ZYUS gives a low volatility approach to the US market CORE gives exposure to the historically more stable infrastructure sector ...
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). ...
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 sector, with MVA, SLF and VAP all amongst the week's top ETFs. The Australian dollar ended the week slightly higher at US71.19c, while the U.S. dollar gained against both the euro and yen. In fixed income, U.S. 10-year Treasury yields rose 3bps and Italian government bonds sold off sharply as the budget conflict between the populist Italian government and the EU escalated. Gold gained 0.7% to US$1,216/ounce, its third consecutive weekly gain. WTI crude fell 3.1% to US$69.12/bbl. The Australian ETF market saw inflows of $179m into and outflows of $77m from domestically domiciled funds last week. The largest inflows were into domestic equity ETFs (A200, IOZ, MVW and STW). The largest outflows were from bearish Australian equities (BBOZ) and U.S equity and cash ETFs (IJR, USD and NDQ). ...
This week's highlights The global equity selloff picked-up pace last week as U.S. 10-year Treasury yields rose above 3.2% and U.S.-China trade conflict continued to concern investors. The S&P/ASX 200 fell 4.7%, its biggest weekly decline since early 2016. The S&P 500 fell 4.1%, led lower by the cyclical technology, financial and industrial sectors. The EURO STOXX 50 fell 4.5%, while the Nikkei 225 dropped 4.6%. Bearish equity funds (BBOZ, BBUS and BEAR) were the top performers for the week, along with gold mining ETFs, with MNRS and GDX returning 6.2% and 5.2% respectively. Global robotics and AI funds (ROBO and RBTZ) were amongst the poorest performers. U.S. 10-year Treasury yields hit a new 7-year high above 3.25% before pulling back to end the week at 3.16%. The U.S. dollar pulled-back. The Australian dollar ended the week at US71.14c. Gold rallied 1.1% to US$1,217/ounce on safe-haven buying and is now more than 4.2% above its August lows. WTI crude fell 4.0% to US$71.34/bbl. The Australian ETF market saw inflows of $215m into and outflows of $47m from domestically domiciled funds last week. The largest inflows were into domestic cash and equity ETFs (AAA, STW and IOZ). The largest outflows were from U.S dollar and U.S. equity ETFs (USD, IVV and IJR). ...
The educational guide to Australian Exchange Traded Funds (ETFs) ...
The S&P/ASX 200 fell 0.4% last week as real estate and industrials declined. Offshore the S&P 500 dropped 1.0% as the technology sector fell. The EURO STOXX 50 fell 1.6%. Japan's Nikkei 225 was also down 1.4%. The U.S. dollar strengthened last week following the Fed action; the Australian dollar fell 2.4% to US70.52c, the euro fell 1.7%, while the yen fell 2.4%. The BetaShares Strong Australian Dollar Hedge Fund (AUDS) was the poorest performing ETF for the week, falling 6.0%. Betashares Strong US Dollar Hedge Fund ETF (YANK) was the top performing fund for the week with a return of 5%. Commodities strengthened with the broad Bloomberg Commodities Index gaining 2.0%. WTI crude added 1.5% for the week, while gold ended the week higher at US$1,204/ounce. ETFS Physical Silver ETF (ETPMAG) was the top performing commodity ETF for the week, followed by ETFS Physical Gold ETF (GOLD) returning 4.8% and 3.9% respectively. The Australian ETF market saw inflows of $118m into and outflows of $44m from domestically domiciled funds last week. The largest inflows were into domestic equity and cash ETFs (MVW and AAA) and fixed income ETF (RCB). The largest outflows were from BetaShares Australia 200 ETF (A200). ...
Key Takeaways: • Infrastructure assets are considered by many advisers as ideal for retirees • CORE gives a cost effective, diversified and international exposure to this sector • CORE has outperformed many active funds over the past year, debunking the myth that active is always best in this sector ...
This week's highlights The S&P/ASX 200 added 0.2% last week as gains in energy and resources sectors offset declines in financials. Offshore the S&P 500 dropped 0.5% with financials underperforming following the Fed's 0.25% rate hike. BetaShares Global Banks ETF (Hedged) (BNKS) was the poorest performing ETF for the week, falling 2.8%. The EURO STOXX 50 fell 0.9% as Italy came under pressure. Japan's Nikkei 225 gained 1.1%, hitting levels not seen since 1991. Technology-biased funds (HACK and NDQ) were the top performing equity funds for the week. The U.S. dollar strengthened last week following the Fed action; the Australian dollar fell 0.9% to US72.24c, the euro fell 1.2%, while the yen fell 1.0%. Commodities generally strengthened with the broad Bloomberg Commodities Index gaining 1.0%. WTI crude added 3.5% for the week, while gold ended the week lower at US$1,191/ounce. ETFS Physical Palladium (ETPMPD) was the top performing ETF for the week, followed by BetaShares Crude Oil Index ETF (OOO). The Australian ETF market saw inflows of $192m into and outflows of $38m from domestically domiciled funds last week. The largest inflows were into global equity ETFs (IHWL and IWLD) and fixed income ETFs (CRED and QPON). The largest outflows were from BetaShares Australian High Interest Cash ETF (AAA) and iShares Core S&P 500 ETF (IVV). ...
This week's highlights The S&P/ASX 200 gained 0.5% last week, attributable to the resources sector. Offshore developed markets gained, the S&P 500 was up again by 0.9%, while the EURO STOXX 50 gained 2.6%. Japan's Nikkei 225 also gained 3.4%. ETFS Physical Palladium (ETPMPD) had another strong week returning 4.3%, whilst the VanEck Vectors ChinaAMC A-Share ETF (CETF) was the best performing, with a return of 4.4% for the week.  The U.S. dollar weakened last week. The Australian dollar gained 1.9% to reach US72.9c. U.S. 10-year Treasury yields increased by 7 basis points.  Commodities were up. Gold ended the week at US$1,200/ounce, while Silver gained 1.7%. WTI crude gained 2.6% to US$70.78/bbl. The Bloomberg Commodities Industrial Metals Index also gained, up 2.36%. The Australian ETF market saw inflows of $113m into and outflows of $29m from domestically domiciled funds last week. The largest inflows were into equity ETFs including MVW, STW, FAIR and MVR. Outflows were spread across a range of different exposures. ...
The S&P/ASX 200 gained 0.4% last week, with resources stocks bouncing back. Offshore developed markets gained, the S&P 500 was up by 1.2%, while the EURO STOXX 50 gained 1.6%. Japan's Nikkei 225 also gained 3.5%. ETFS Physical Platinum (ETPMPT) had another strong week returning 3.2%, whilst the Betashares WisdomTree Japan ETF was the best performing, with a return of 3.5% for the week. Asian stock markets have had a mixed year, with Chinese equities continuing to struggle compared to Japan and Taiwan (see Chart of the Week). The U.S. dollar weakened last week. Currency pressure continues in emerging markets including Argentina, Turkey, Brazil, Russia and South Africa. The Australian dollar gained 0.7% to reach US71.53c, after hitting a two year low a week earlier. U.S. 10-year Treasury yields increased by 6 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,195/ounce, while Silver fell 0.8%. WTI crude gained 1.8% to US$68.99/bbl. The Bloomberg Commodities Industrial Metals index fell 0.2%. The Australian ETF market saw inflows of $118m into and outflows of $22m from domestically domiciled funds last week. The largest inflows were into cash ETFs (BILL, AAA and ISEC) and domestic funds (MVW and IOZ). Outflows were spread across a range of different exposures. ...
The S&P/ASX 200 fell 2.8% last week, the RBA kept rates on hold and market futures are pointing towards a flat period ahead. Offshore the sea of red continued, the S&P 500 fell by 1.0% led by technology stocks, while the EURO STOXX 50 dropped 2.9%. Asian stocks, also fell by 2.4%. ETFS Physical Palladium (ETPMPD) and BetaShares Australian Equities Strong Bear (BBOZ) both had a strong week, returning 5.5% and 7.0% respectively. The U.S. dollar strengthened last week on rising global uncertainty in emerging markets. Currency pressure continuing to grow in emerging markets. Argentina, Turkey, Brazil, Russia and South Africa all continuing to drop. The Australian dollar fell 1.1% to US71.07c, its new lowest level since late-2016. U.S. 10-year Treasury yields increased by 8 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,197/ounce, while Silver slumped 2.5%. WTI crude fell 2.9% to US$67.75/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.4%. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into equity ETFs (STW and NDQ) and domestic funds (MVW, QPO and HBRD). Outflows were spread across a range of different exposures. ETF Securities has launched ETFS Battery Tech & Lithium ETF (ACDC), which provides exposure to developers of battery storage technology and lithium miners. Trading on the ASX commenced on 3rd September. ...
The S&P/ASX 200 added 1.2% last week, led higher by financial and mining stocks as the market digested the change of leadership and cabinet reshuffle. Offshore, the S&P 500 gained 0.9%, while the EURO STOXX 50 dropped 1.0%. Emerging markets underperformed, with Argentina joining Turkey as a country of focus. Asian stocks, however, performed strongly with ITW, IKO and IJP all amongst the top performing ETFs for the week. ETFS ROBO Global Robotics and Automation ETF (ROBO) also had a strong week, returning 4.4%. The U.S. dollar strengthened last week on rising global uncertainty and higher rate expectations following the release of the latest FOMC minutes. The Australian dollar fell 1.9% to US71.89c, its lowest level since late-2016. U.S. 10-year Treasury yields increased by 5 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,204/ounce, while palladium jumped 4.9%. WTI crude gained 1.6% to US$69.80/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.7% and copper hit a 12-month low on emerging market concerns and the stronger U.S. dollar. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into cash ETFs (AAA and BILL) and domestics equity funds (MVW, A200 and KSM). Outflows were spread across a range of different exposures. ETF Securities has launched ETFS Battery Tech & Lithium ETF (ACDC), which provides exposure to developers of battery storage technology and lithium miners. Trading on the ASX commenced on 3rd September. ...
ETFS Trade Idea: Platinum – The night is darkest before the dawn? High level summary: Platinum, one of the rarest precious metals, could correct upwards in H2 2018 to $900 an ounce This is because the platinum supply deficit is being exacerbated by today’s low prices South African politics – most platinum is mined in South Africa – has scared away mining investment, which also threatens supply ...
The S&P/ASX 200 declined by 1.5% last week, led lower by the big four banks, as the Liberal Party elected the country's sixth Prime Minister in the past 10 years. Financial sector ETFs (MVB, QFN and OZF) were the poorest performers for the week, all declining by more than 4%. Offshore, markets rallied on expected advances in trade negotiations. The S&P 500 added 0.9% as technology and energy stocks continued to push higher. The EURO STOXX 50 gained 1.6%, its first weekly gain in four weeks, while the Nikkei 225 added 1.5%. The U.S. dollar softened and Treasury yields fell as President Trump and Jerome Powell both spoke of a gradual pace to interest rate rises. The Australian dollar gained 0.2% to end the week at US73.29c. The euro gained 1.6% against the dollar. Commodities rebounded last week, with the broad Bloomberg Commodities Index up 0.4%. WTI Crude jumped by 4.3%. Precious metals also rose, with gold up 1.8% to US$1,205/ounce. ETFS Physical Palladium (ETPMPD) was amongst the top performing funds for the week, returning 3.4%. The Australian ETF market saw inflows of $114m into and outflows of $21m from domestically domiciled funds last week. The largest inflows were into BetaShares Australian Ex-20 Portfolio Diversifier ETF (EX20), with other notable inflows into AAA, WDMF, MVW and QUAL. The largest outflows were from BetaShares Dividend Harvester Fund (HVST) and BetaShares U.S. Dollar ETF (USD). ...
Further volatility in the Turkish lira hit emerging markets last week. The MSCI Emerging Markets Index fell by 3.7%. China was hit particularly hard, with the Shanghai Composite down 4.5% for the week. European financials were sold on Turkey concerns, dragging the EURO STOXX 50 down 1.6%. The S&P 500 gained 0.6% as defensive sectors outperformed. The ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) was the top performing ETF for the week. Domestically, the S&P/ASX 200 added 1.0% as gains in financials offset losses in the resources sector. The Turkish lira regained some ground last week, rising by 6.8% following its 21% decline in the previous week. The U.S. dollar fell against most majors. The Australian dollar gained 0.15% to end the week at US71.13c. Commodities declined last week, with the broad Bloomberg Commodities Index down 1.1%. WTI Crude dropped by 2.5%. Precious metals also fell, with gold down 2.2% to US$1,1,84/ounce and silver down 3.3%. The Australian ETF market saw inflows of $93m into and outflows of $36m from domestically domiciled funds last week. The largest inflows were into iShares S&P/ASX 200 ETF (IOZ), VanEck Vectors Australian Floating Rate ETF (FLOT) and a range of international equity funds (QUAL, IHVV and IAA). The largest outflows were from BetaShares FTSE RAFI Australia 200 ETF (QOZ) and BetaShares U.S. Dollar ETF (USD). ...
Equity market volatility picked up last week as the Turkish lira plunged and global trade concerns continued. The S&P 500 fell by 0.3%, despite strong earnings from U.S. companies and positive economic data. Small-caps outperformed, with iShares Core S&P SmallCap ETF (IRJ) returning 2.3% for the week. The S&P/ASX 200 added 0.7% last week, with financials and real estate sectors being the main contributors. The EURO STOXX 50 declined by 1.6% on concerns around bank exposure to Turkish credit. Chinese equities bounced on growth expectations, with the Shanghai Composite adding 2.0%. China-focused ETFs (IZZ and CETF) were the top performing funds for the week. The Turkish lira declined by 21% last week, pushing the U.S. dollar higher against most currencies. The DXY U.S. Dollar Index added 1.3% as the Australian dollar fell by 1.4% to U.S.73c and the euro fell 1.3%. Bonds rallied, with U.S. 10-year Treasury yields falling by 8 basis points. Commodities mostly declined last week on U.S. dollar strength. Despite the rising volatility in equity markets gold continued to fall, dropping 0.4% for the week to US$1,211/bbl. ETFS Physical Gold (GOLD), which is priced in AUD, returned 0.9% for the week. The Australian ETF market saw inflows of $207m into and outflows of $129m from domestically domiciled funds last week. The largest inflows were into BetaShares Australia 200 ETF (A200) and a range of cash and fixed income funds (FLOT, BILL, QPON and PLUS). The largest outflows were from domestic equity funds; SPDR S&P/ASX 200 Fund (STW) and BetaShares FTSE RAFI Australia 200 ETF (QOZ). ...
The S&P/ASX 200 dropped 1.0% last week, as declines in banks and resources led the market lower. Trade concerns dragged on markets globally, with the EURO STOXX 50 declining by 1.3% and the Nikkei 225 dropping 0.8%. China's Shanghai Composite fell 4.6% and China and Asia focused ETFs (CETF, IZZ, PAXX and UBP) were amongst the poorest performers for the week. The S&P 500 added 0.8% with the U.S. growth outlook strengthening. U.S. defensive sectors outperformed last week with real estate, telecoms and health care being the top performing sectors. ETFS S&P 500 High Yield Low Volatility ETF (ZYUS), which has a defensive sector bias, returned over 2%. The Fed kept rates on hold, but reaffirmed its confidence in the U.S. economy. U.S. 10-year Treasury yields rose above 3% for the first time since May. The Bank of England raised rates for the second time since the Brexit referendum. Gold dropped 0.8% to US$1,215/ounce and other precious metals also retreated. WTI crude fell to US$68.49/bbl. The Australian ETF market saw inflows of $118m into and outflows of $145m from domestically domiciled funds last week. The largest inflows were into BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON) with notable inflows into a range of domestic and international equity funds including QUAL, MVW and QFN. SPDR S&P/ASX 200 Fund (STW) saw $140m of outflows. ...
The S&P/ASX 200 added 0.2% last week, led higher by resources and energy sector stocks. Domestic resource sector ETFs, QRE and OZR, were amongst the top performers for the week, both returning 2.8%. The S&P 500 added 0.6% despite the IT sector declining as reporting season continued. The highlight was Facebook, which declined 16.7% for the week, leading the Nasdaq 100 Index 0.7% lower. U.S. financials fared much better - BetaShares Global Banks ETF (BNKS) returned 3.2% for the week. The EURO STOXX 50 Index rose 1.9% as Europe-U.S. trade talks progressed. In Asia the Shanghai Composite added 1.6%. The Australia dollar firmed to US74c, while the euro declined as the ECB confirmed its plans to end its asset purchasing programme this year. U.S. Treasury yields rose 6 basis points on an improved economic outlook as GDP grew by 4.1% in Q4. Commodities were mixed last week with WTI crude falling 2.5% to US$68.69/bbl. Gold dropped 0.4% to US$1,224/ounce. ETFS Physical Palladium (ETPMPD) was the top performing fund for the week, returning 4.3%, while gold mining ETFs (MNRS and GDX) were amongst the poorest performers. Bloomberg Industrial Metals Subindex rose 1.8% for the week. The Australian ETF market saw inflows of $102m into and outflows of $81m from domestically domiciled funds last week. The largest inflows were into iShares Core Cash ETF (BILL), while there were significant outflows from SPDR S&P/ASX 200 Fund (STW). ...