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Market Moves: Week Ending 24 January 2025

Uranium ETFs (ATOM, URNM) were the top performing funds of the week after Sam Altman, CEO of OpenAI, announced a partnership with RPower to deploy Oklo’s Aurora nuclear powerhouses to OpenAI’s datacentres.¹ The integration of nuclear power with high-demand sectors like AI and data centres is highlights its role in solving energy reliability and sustainability challenges.
Short equity funds (BBOZ, BBUS, SNAS), which benefit when the stock market falls, were a theme among the poorest performers last week. Excitement toward Trump’s potentially pro-business policies helped push equities higher across the board as investors rushed into risk assets.²
There were $1.27 billion in reported inflows for the week and $58.6 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.

Authored by: Justin Lin

Date:
Jan 29, 2025

Category:
Reports

Topics:
ETF Express, Market Moves

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