This week’s highlights:
- Global equities rebounded strongly last week. The S&P/ASX 200 gained 2.6%, the S&P 500 was up 3.2%, the EURO STOXX 50 rose 3.9% and the Nikkei 225 rose 4.9%. Global emerging markets also performed strongly, with the Vanguard FTSE Emerging Market Shares ETF (VGA) returning 6.2%.
- Commodities also rallied, with the broad Bloomberg Commodity Index gaining 3.1%. Gold rose 1.6% and silver jumped 6.7% for the week. WTI Crude and Iron Ore both also posted strong gains. Precious metal and mining ETFs continue to be amongst the best performers in 2016.
- The Australian dollar fell early in the week before rebounding to trade briefly above US 75c. Pound sterling continued to decline, losing a further 3% against the US dollar.
- The Australian ETF market saw A$110m in inflows and A$136m of outflows for the week. The largest inflows were into US dollar and pound sterling currency ETFs.
This weeks Chart of the week YTD performance of Glbal Equity Markets
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I will bring this update to you on a weekly basis.
Kris Walesby, Head of ANZ ETFS
