ETFs tracking Australian stocks indices experienced a tough market session yesterday as investors redeemed -$78,42M from the segment and ETFs lost -1,24% on the same day. The Australian market, more particularly the retail and travel stocks contracted on Wednesday as travelling restrictions and Melbourne imposing a second lockdown are threatening the local economic recovery. This brought back the 30-day cumulative performance to -1,58%. Yesterday’s redemption of shares was the largest over the last 30 days as investors fear new restrictions and a second wave could hamper the perspectives of a quick recovery. Year-to-date, ETFs are still down -11,30% and investors have been gradually increasing their exposure to the segment with +$628,78M over the same period. 10 funds tracking 7 indices are included in the segment for a total of $5,24Bn of assets under management.
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