Weekly ETF Market Monitor
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).
Chart of the week
Kris Walesby is Executive Director - Head of ETF Securities Australia.
ETF Securities Australia is an expert, independent provider of accessible investment solutions. We use transparent and cost effective exchange traded products (ETPs) to enable Australian investors achieve their desired outcome, while also intelligently diversifying their portfolios.