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- Crude oil (OOO) was the top performing asset of the week after the Biden Administration reportedly considered further sanctions on Russia's oil industry. Markets speculate that the current government intends to weaken the Russian war effort as much as possible before the incoming Trump Administration potentially forces Ukraine into a quick and unfavourable deal with Russia.1
- Uranium ETFs (ATOM, URNM) were the worst performers of the week as investors sold down South Korean equities, including major nuclear energy names such as Doosan Enerbility and Hyundai Engineering.2 Rumours also emerged that the Kazakh ANU physical uranium fund may look to liquid its inventory.3
- There were $1.1 billion in reported inflows for the week and $366.6 million in outflows, marking a week of net inflows for the Australian ETF industry.
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