Global equity markets declined last week with the S&P/ASX 200 losing 0.8%, the Nikkei 225 down 2.6% and the EURO STOXX 50 falling 3.9%. The S&P 500 added 0.5% and the NASDAQ 100 gained 2.9%. BetaShares NASDAQ 100 ETF (NDQ) was the best performing ETF for the week, returning 4.1% in Australian dollar terms.
WTI crude dropped 6.2% and iron ore fell 3.1%. Precious metals also retreated for the week, with gold down 1.7% and silver down 2.6%. Commodity and resource sectors ETFs were amongst the poorest performers for the week.
The Australian dollar fell below US 75c. Positive data out of China in recent weeks has seen the Renminbi gain against the Australian dollar in four of the past five weeks. ANZ ETFS Physical Renminbi ETF returned 1.8% for the week and 2.3% for the past month.
The Australian ETF market saw inflows of A$91m into domestically domiciled ETFs across a range of different exposures.
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