The S&P/ASX 200 ended the week slightly lower with resource and financial sector gains offsetting some big declines in healthcare stocks. The S&P 500 added 0.4%, but continued to trade within a tight 2100-2200 range leading into the Presidential election. European and Japanese markets both gained on the expectation of continued central bank stimulus. Gold mining ETFs were the top performers for the week, with MNRS and GDX both adding in excess of 7%.
Iron ore gained a further 2.5% following positive economic growth data out of China. WTI crude added 1% and gold halted its recent decline, gaining 1.1% in US dollar terms.
The Australian dollar ended the week at US 76c having traded as high as US 77.34c mid-week.
The Australian ETF market saw total inflows of A$64m into and outflows of A$10m from domestically domiciled ETFs for the week. The biggest inflows for the week were into defensive cash and bond ETFs.
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