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Investors paused their flow of funds to bond ETFs, with the size of the ETFs in the YieldReport survey essentially the same as the previous week. Investment into or divestment out of funds was therefore a matter of “rotation” as investors switched between funds, but even so changes were minimal in both absolute terms and relative terms. A preference for any particular sector does not appear obvious.
December returns for the ETFs in the YieldReport survey have now been all received and they are typically in the 0.30% to 0.40% range, with a median return of 0.32%. This is in line with bond yields falling throughout the month. Government bond yields have continued to fall in January and, notwithstanding a widening of corporate spreads, bond fund returns in January are likely to be positive.
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ASX CASH & BOND ETFS*
| NAME | SYMBOL | CLOSE PRICE | 1m (%) | 1y (%) | MER (%) | FUND SIZE ($m) |
|---|---|---|---|---|---|---|
| BetaShares Aust High Int Cash | AAA | 50.15 | 0.21 | 2.69 | 0.18 | 781.77 |
| SPDR S&P/ASX Aust Bond | BOND | 25.97 | 0.34 | 2.45 | 0.24 | 20.97 |
| SPDR S&P/ASX Aust Govt Bond | GOVT | 25.76 | 0.38 | 2.38 | 0.22 | 7.78 |
| iShares Composite Bond ETF | IAF | 106.05 | 0.32 | 2.42 | 0.24 | 289.38 |
| iShares Treasury ETF | IGB | 103.53 | 0.41 | 2.06 | 0.26 | 16.28 |
| iShares Govt Inflation ETF | ILB | 112.64 | -0.02 | 1.41 | 0.26 | 45.51 |
| Russell Aust Select Corp Bond ETF | RCB | 20.22 | 0.19 | 2.71 | 0.28 | 73.02 |
| Russell Aust Govt Bond ETF | RGB | 21.23 | 0.48 | 2.54 | 0.24 | 166.52 |
| Russell Aust Semi-Govt Bond ETF | RSM | 20.61 | 0.35 | 2.54 | 0.26 | 94.10 |
| Vanguard® Aust Fxd Int Index ETF | VAF | 49.5 | 0.30 | 2.41 | 0.2 | 297.12 |
| Vanguard® Aust Govt Bond Index ETF | VGB | 49.06 | 0.36 | 2.32 | 0.2 | 63.47 |
| Vanguard® International Crdt Securities Ind(Hedged) ETF | VCF | 50.57 | - | - | 0.3 | 1.01 |
| Vanguard® International Fix Int Ind(Hedged) ETF | VIF | 51.14 | - | - | 0.2 | 1.02 |
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