Weekly Market Monitor – Week Ending 23 September 2022

  • In a rough week for the global share market, the best performing ASX-traded funds were those betting heavily against the market—SNAS, BBUS. The two funds have also been the best performing year-to-date and over the past 12 months.
  • The poorest performing ETFs for the week were the familiar group of crypto, innovative technology, and geared funds. These funds have suffered this year as rising interest rates have caused investors to sell off riskier assets.
  • There were $137 million in reported inflows. A cash ETF – ISEC – got top gong for inflows. Cash ETFs, which invest in bank deposits, have seen surprisingly muted inflows this year – despite being one of the biggest winners from rising interest rates.
  • There were $87 million in reported outflows. Precious metals ETFs – such as GOLD, ETPMAG, ETPMPM – and miners ETFs – such as MVR, MNRS – saw some of the biggest outflows. Commodities prices have fallen in recent weeks as investors price in a higher probability of a recession.
  • The most traded funds for the week were in keeping with the yearly average. The one exception appears to be the Global X Ultra Short Nasdaq 100 Hedge Fund (SNAS), which has continued climbing up the ranks of most traded funds this year.

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