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Market Moves: Week Ending 21 March 2025

India-focussed ETFs (FIIN, IAEF, IIND, NDIA) outperformed last week after the RBI stepped in with cash infusions of about US$68 billion to stimulate the economy.¹ As part of the cash injection, the RBI provided cash to lenders through auction-based open market bond purchases, variable rate repurchase operations and FX swaps. This was far more policy support than market expectations.
China-focussed ETFs (CETF, CNEW) were the poorest performing non-leveraged funds of the week after investors took money off the table in preparation for Trump’s new wave of tariffs to be announced on April 2^nd.² US Treasury Secretary has indicated the tariffs will target a so-called “Dirty 15”, the 15% of countries with which US has the largest trade deficits.
There were $687.5 million in reported inflows for the week and $230.5 million in outflows, marking a week of net inflows for the Australian ETF industry.

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Authored by: Justin Lin

Date:
Mar 25, 2025

Category:
Reports

Topics:
ETF Express, Market Moves

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