Market Moves: Week Ending 4 October 2024

• China-focused ETFs (CETF, CNEW, IZZ) were the top performing funds of the week once again as Chinese stocks continued to rally in Hong Kong despite a domestic public holiday. Chinese retail investors rushed to purchase stocks after the government announced a slew of policies to support equities and the real estate industry.¹
• Cryptocurrency ETFs (BTXX, EBTC, EETH, IBTC, VBTC) were the poorest performers of the week. Investors sold down the risk assets in anticipation of the US jobs report and took profits after a strong rally the week prior.²
• There were $2.31 billion in reported inflows for the week and $148.9 million in outflows, marking a week of strong net inflows for the Australian ETF industry.

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^{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 8/10/2024. Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit nor guarantee against a loss.}

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^{This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.}