This week’s highlights:
Global equity markets strengthened last week with the S&P 500 posting a new all-time high, ending the week above 2,175 pts for the first time. The S&P/ASX 200 gained 1.3%, the EURO STOXX 50 added 0.5% and the FTSE 100 posted its 5th consecutive post-Brexit weekly gain. BetaShares NASDAQ 100 (NDQ) was the top performing equity ETF for the week. Mining and resource sector ETFs were weaker, but still dominate the performance tables over longer periods.
Commodities were mostly softer for the week, with the notable exception of palladium, which has gained close to 25% in the past month.
The Australian dollar fell 1.5% for the week, ending below US 75c on mounting speculation of an RBA rate cut in August.
The Australian ETF market saw A$71m in inflows and A$79m of outflows from domestically domiciled ETFs for the week. The largest inflows were into cash and US Dollar ETFs with the bulk out outflows being from the SPDR S&P/ASX 200 Fund (STW).
Year to date performance of precious metals (in USD)
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Update News: ANZ ETFS has launch its ANZ ETFS EURO STOXX 50® ETF (ESTX) on the ASX last week. For more information go to.
Kris Walesby, Head of ANZ ETFS
