This week’s highlights:
Global equity markets rebounded strongly last week as some political uncertainty was lifted with the appointment of the new British prime minister. The S&P/ASX 200 rose 3.8%, the S&P 500 was up 1.5%, the EURO STOXX 50 gained 4.25% and the Nikkei 225 gained a massive 9.2% following speculation of further monetary stimulus from the BoJ. BetaShares WisdomTree Japan ETF (HJPN) was the top performing ETF for the week, with Australian bank ETFs also performing well.
Gold fell 2%, while WTI Crude regained some ground from the previous week.
The Australian dollar finished the week relatively unchanged after trading above US 76.5c earlier in the week. Japanese yen declined by 4.3% against the US dollar. Pound sterling posted its first weekly gain in four, advancing 1.8%.
The Australian ETF market saw A$153m in inflows and just A$3m of outflows for the week. The largest inflows were into cash and bond ETFs.
This weeks Chart of the week: YTD performance of Nikkei 225 and the Japanese yen
Update News: ANZ ETFS will launch its ANZ ETFS EURO STOXX 50® ETF (ESTX) on the ASX this week. We will keep you informed about it progress.
Kris Walesby, Head of ANZ ETFS
