Risk assets returned to favour last week with global equity markets mostly positive. The S&P/ASX 200 rose 1.1%, the S&P 500 was up 1.0% and the Nikkei gained 2.1%. Resource sector, Asian and emerging market ETFs were the top plays, whilst bearish equities and precious metals were the poorest performers.
Gold and silver declined 1.3% and 1.1% respectively, while WTI crude gained 1.4% and iron ore gained 3.6%.
Currency markets were relatively range bound for the week with the biggest movers of the majors being the pound sterling, which gained 1.4% against the US dollar, and the Japanese yen, which depreciated by 0.4%.
The Australian ETF market saw inflows of A$25m and outflows of A$63m from domestically domiciled ETFs. The inflows were spread across a range of funds, whilst the biggest outflows were from the SPDR S&P/ASX 200 Fund (STW).
.jpg)
To access the full report click here.
