Aus ETP industry could soon reach $60bn

The Australian exchange traded product (ETP) industry could reach $60 billion by year end, being on target to beat the 2017 record of $7.9 billion, according to VanEck’s ETF IQ Scorecard.

Net flows of $1,130 million were posted in August, the second highest after a record $1,556 million seen in July.

Those August inflows represented an increase from $532 million a year earlier and cumulative flows this year had passed 2018 levels of $6.4 billion.

Related News:

Australian fixed income ETPs attracted the greatest net flows of any asset class with $315.5 million in August.

The top-performing products on the Australian Securities Exchange (ASX) were gold mining ETPs, reflecting the rise of gold price during the month.

Gold had jumped 9.1%, while oil fell 3.8% in AUD terms, while iron ore dropped 24.6% due to rising supply and declining demand.




Recommended for you

Author

Comments

Add new comment