Australia’s exchange traded fund (ETF) market recorded another record month, bringing the total in funds under management to $17.6 billion.
Data from the latest BetaShares Australian ETF Review, revealed the market has grew 18 per cent in the first quarter of 2015, with new money flows accounting for approximately 85 per cent of that growth.
The review found that a record $1.9 billion was traded in March, “as investors continue to explore uses of exchange traded products beyond ‘buy and hold'”.
In terms of product categories, BetaShares reported that inflows this month were highest in international equities (both developed and emerging markets), while redemption activity was very low and was largely restricted to unhedged gold.
