ETF Performance Report March 2024

Overall global equities rose for the 2nd consecutive month, with the MSCI World Index gained 3.0% month-on-month (MoM) and closed at a new year-to-date (YTD) high of 3,437.76pts on 29 March 2024. The Federal Open Market Committee (FOMC) has maintained its federal funds rate target of 5.25% to 5.5% and signalled multiple cuts before end of the year. Accordingly, total traded volume/value of the ABMFY1 to soar to 336.7K units/RM416.8K, from previous month’s 5.7K units/ RM6.99k. 

Taking cue from the potential rate cut, the LBMA Gold Price AM Index recorded a new YTD high of USD2,210.65pts on 21 March 2024 before closing slightly lower towards the end of the month. GOLDETF’s total traded volume and value have roughly doubled from its previous month to 1.3 mil units/ RM4.0 mil.