The S&P/ASX 200 gained 1.9% last week, ending the month up 2.7% and nearing two year highs. Financial stocks led the way with three bank stock ETFs (MVB, OZF and QFN) being amongst the top performers for the week. The S&P 500 gained 0.8% and the EURO STOXX 50 added 1.7% as Europe’s recovery continues to make headlines. ANZ ETFS EURO STOXX 50 ETF (ESTX) is the top performing ETF on a 1 month basis for the second week running.
The Australian dollar traded briefly below US76c before ending the week relatively unchanged. The euro and Japanese yen both lost over 1% against the US dollar.
WTI crude gained 5.5% last week and OOO was the top performing commodity ETF. Gold ended the week relatively unchanged.
The Australian ETF market saw inflows of A$111m and outflows of A$6m from domestically domiciled ETFs. The largest inflows were into S&P/ASX 200 funds (STW and IOZ).
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