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ETF Securities Weekly ETF Market Monitor Video
BY ETF SECURITIES - 08/08/2018 | VIEW MORE ETF ARTICLES

In this video ETF Securities Gemma Weeks examines the key movements over the past week in the Australian ETF market.

This week's highlights:

  • 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.


View More Articles By Robin Bowerman

Robin Bowerman is Head of Market Strategy and Communication, Vanguard Australia. As a renowned market commentator and editor Robin has spent more than two decades writing about all things investment.

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken yours and your clients' circumstances into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider yours and your clients' circumstances and our Product Disclosure Statement (PDS) or Prospectus before making any investment decision. You can access our PDS or Prospectus online or by calling us. This website was prepared in good faith and we accept no liability for any errors or omissions


 

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Key movements in the Australian ETF market

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