Market Moves: Week Ending 22 March 2024

  • Risk-on, technology ETFs (FANG, GGUS, LNAS, SEMI, TANN) were the top performers last week after Fed chair Jerome Powell allayed investor concerns that rate cuts would be reduced.1 The Federal Reserve’s March dot plot showed Fed members continue to see three rate cuts in 2024.2
  • Crypto ETFs (EBTC, EETH) fell as investors took profits from record highs achieved the week prior. Ethereum was the poorest performer after Bloomberg analysts noted that an ETF approval was unlikely given low interaction between US regulators and potential issuers.3
  • There were $7 million in reported inflows for the week and $104.3 million in outflows, marking a week of net inflows for the Australian ETF industry.

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Looking for more ETF Express content? Check out this week’s Thematic Spotlight and Commodity Calls.


Forecasts are not guaranteed and undue reliance should not be placed on them. This information is based on views held by Global X as at 26/03/2024. Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit nor guarantee against a loss.