ETF market continues growth
The Australian exchange-traded fund (ETF) market is continuing its growth, according to the latest data released by BetaShares.
The data, contained within the company's Australian ETF Review for February, found the local market had reached a record high of $7.1 billion in assets under management, with inflows to equities-based products reflecting continuing bullish sentiment.
The BetaShares analysis pointed out that February represented the fifth successive month the industry had achieved record highs, with 5.2 per cent market capitalisation growth and new inflows of approximately $137 million for the month.
It said the best exchange-traded products by performance for the month were the financial sector ETFs, followed by high-dividend ETFs.
Commenting on the data, BetaShares head of investment strategy Drew Corbett suggested the growth was being driven by investor optimism.
"We're seeing investors continuing to stick with high-yielding equities products rather than other available ways to access yield such as fixed income ETFs," he said.
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