Market Moves: Week Ending 9 August 2024

• Crude Oil (OOO) was the top performing non-leveraged fund this week after geopolitical tensions flared once again between Israel and Iran. Reports of Israel stockpiling war supplies and shoring up bunkers have put markets on high alert for an impending escalation of conflict.¹
• Cryptocurrency ETFs (BTXX, EBTC, IBTC, EETH) were some of the poorest performers of the week as investors sold-off risk assets on a surge of volatility.² The combination of weak US job market reports, the unwinding of the Yen carry-trade, and mixed big tech earnings brought back fears of that the US may soon enter a recession, leading some investors to de-risk their portfolio exposures.³
• There were $789.1 million in reported inflows for the week and $208.2 million in outflows, marking a week of 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 13/08/2024. 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.}