Gold ETF's added more than $500m in July as investors sought diversification and possibly a hedge against future inflation. Cash was also a winner.
Another interesting aspect of the fund flows this month was the relative performance of VAS (which tracks the ASX300) vs STW and IOZ (which both track the ASX200). VAS added $325m whereas STW and IOZ dropped about $100m between them. Seems investors are looking for broader exposure to the ASX.Â
Sectors including Currency, Property, Japan, Europe and Consumer all lost funds. On a % basis the Financials and Resources sectors fared well and Value ETF's even picked up some funds.
For more interactive charts click the image above or go to accument.com.au