Market Moves: Week Ending 31 January 2025

  • Carbon credits (XCO2) were the top performing asset of the week due to a cold snap across Europe that saw the population use more energy than normal.1 Utility firms and energy providers in the EU have to offset emissions with carbon credits, as demand for electricity increases, demand for carbon credits tend to follow suite.
  • Crypto equities (CRYP) were the poorest performers last week after Bitcoin temporarily dipped below US$100,000 to a three-week low.2 Investors sold down risk assets as uncertainties grew around the possible effects of Trump’s newly imposed tariffs on the global economy.
  • There were $537.6 million in reported inflows for the week and $71.4 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.