Global stocks rallied last week following Emmanuel Macron’s win in the first round of the French presidential election. The S&P/ASX 200 gained 1.2%, the S&P 500 added 1.5% and the Nikkei 225 gained 3.1%. In Europe the EURO STOXX 50 jumped 3.5%. The top five performing ETFs in Australia last week were all European equity-focused funds. ANZ ETFS EURO STOXX 50 ETF returned 6.25% for the week.
The euro also rebounded last week, gaining 1.6% against the US dollar and 2.3% against the Australian dollar. The Australian dollar dropped 0.7% against the US dollar ending the week below US 75c for the first time since early January.
Gold dropped 1.2% for the week and silver fell 3.2%. Gold mining ETFs (GDX and MNRS) were the two poorest performing ETFs in the Australian market last week.
The Australian ETF market saw inflows of A$52m into domestically domiciled ETFs. The largest inflows were into high interest cash (AAA), equity yield (YMAX) and bond ETFs (IHCB and IAF).
You can view the ANZ ETFS weekly monitor by following the link:
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