Australia’s exchange traded fund (ETF) sector is continuing to attract investors, despite volatile markets seeing many adapting cautious approaches.
Data released by ETF issuer, BetaShares, revealed the industry attracted $181 million from new investors in February, with funds under management through ETFs going to $20.6 billion — a one per cent increase ($223 million) on the January figures.
Speaking to Money Management earlier this month, BetaShares managing director, Alex Vynokur, said the February data reflected a return to normality after a sluggish January.
“Net flows were $104 million in January… it was a slower number than usual, but at the same time it reflects the fact that January is a slow month generally speaking,” he said.
“But I certainly would not classify it as an indication of a slowing down… if you look at the February figures, the flows have picked back up, it’s quite a good story.
“ETFs are here to stay, and they’re growing.”
