The S&P/ASX 200 traded within a tight range, rising 0.6% for the week. The EURO STOXX 50 added 2.4%, climbing to its highest level in seven weeks. The Nikkei 225 gained 4.1%, the Hang Seng added 2.8% and Japan and China focused ETFs were the leading equity-focused ETFs for the week.
Precious metal ETFs dominate the worst performers list for the week. London AM gold declined by 3% and silver fell by 2.3% in Australian dollar terms. WTI crude oil gained 6.4%.
The Australian dollar rose strongly, trading above US 77.5c mid-week before falling back to US 76.5c following strong US jobs and consumption data on Friday. The pound sterling declined by a further 1.6% against the Australian dollar.
The Australian ETF market saw A$80m in inflows and A$4m of outflows from domestically domiciled ETFs for the week. The largest inflows were into defensive asset classes including gold and cash.
Chart of the Week – YTD performance Asian Equity Markets:
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Kris Walesby, Head of ANZ ETFS
