The S&P/ASX 200 traded in a tight range last week, declining 0.2%. The S&P 500 held onto its post-election gains, while the Dow Jones Industrial Average hit a new all-time high. In Japan, the Nikkei 225 gained 3.4% as the yen dropped 4% against the US dollar. US small- and mid-cap companies were amongst the top performers for the week, as a stronger US dollar dragged on the performance of large-cap multi-nationals.
Precious metals retreated again this week with gold declining 2.1% and silver falling 11.2%. Gold, gold miners and resource sector ETFs were amongst the poorest performers for the week. WTI Crude gained over 5%.
The Australian dollar dropped over US 3c for the week, its worst weekly performance since early June. The US Dollar Index, which measures the exchange rate between the US dollar and a selection of major world currencies, gained 2.2% for the week reaching a new 13 year high.
The Australian ETF market saw inflows of A$68m and outflows of A$11m from domestically domiciled ETFs, with the biggest inflows being into high interest cash and the SPDR S&P/ASX 50 Fund (SFY).
.jpg)
Click here to Download the full report
ShareCafe and ANZ ETFS have developed an educational series of videos to provide you with valuable insights into what you need to consider when investing in Exchange Traded Funds (ETFs). You can see the full series here.
