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Resource equity ETFs outperform on strong investor demand


The ETFX S-Net ITG Global Agri Business Fund was ETF Securities’ best performing fund last week, up four per cent on the back of solid gains in agricultural commodity markets.

A slow harvest in the US for coarse grains, strong emerging market demand and the weak USD are keeping agricultural prices well supported.

The fresh investor support also drove AUM for Agri higher by four per cent over the week.

The ETFX Russell Global Gold Mining Fund maintained its strong performance, achieving a 1.8 per cent gain on the week as the gold price hit a fresh record high of USD1,153 per oz. Strong inflows to the fund saw AUM surge eight per cent to a record high, eclipsing the USD40m mark for the first time.

With market sentiment wavering, more investors have joined the search for tangible investments with strong fundamental support. The top performer over the year on the ETFX platform has been the ETFX Russell Global Coal Mining Fund, rising by 130 per cent during 2009.

Trading flows on the ETFX platform picked up sharply last week, rising by 40 per cent as concern regarding the sustainability of the global economic recovery hampered risk appetite. Flows related to the 2x short equity ETFs surged 22 per cent as investors’ trimmed risk positions.

The recent sluggish performance of the 2x short equity ETFs reversed as investors worried that the rally in equity markets may be coming to an end. The ETFX CAC 40 2x Short Fund and the ETFX Dow Jones Euro Stoxx 50 Double Short (2x) Fund were the strongest equity ETFs on the platform last week, rising by 1.9 per cent and 1.1 per cent respectively.

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