Global equities improved last week, led by the financial sector, according to the ETF Securities Australia Weekly Market monitor.
Geared equity ETF (GGUS) and finance sector ETF (BNKS) dominated with gains of 6.9 per cent and 4 per cent.
Oil’s strong start to the year continued up last week, with OOO returning 4.1 per cent for the week, and 18.2 per cent year to date.
It was followed by geared US (GGUS) and Australian equities (GEAR) along with an S&P Biotech ETF (CURE) topping the ranks for the year so far, with 15.9 per cent, 9.6 per cent and 13.3 per cent in returns year to date.
ETFS Physical Palladium (ETPMPD) remains the best performer over 12 months with a return of 37.4 per cent, ETF Securities said.
In terms of net flows, the monitor found domestic equity and geared funds had the most redemptions, while there were significant flows into sustainability ETFs.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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