Aussie ETF industry breaks another record
Exchange-traded funds (ETFs) have continued on their growth trajectory as the Australian ETF industry broke new records last month, with a monthly funds under management (FUM) increase of $2.3 billion, BetaShares’ February Australian ETF Review has said.
This figure eclipsed the previous record set in November 2017, and the industry now stands at $44.8 billion.
“Similar to January, market rebounds meant that the substantial industry growth primarily came from price increases, accounting for 80 per cent of the total, with the other 20 per cent due to net inflows amounting to $524 million,” the report said.
According to BetaShares, investor appetite for global exposures continued to grow, with international equities receiving the largest amount of net inflows at approximately $211 million. Australian bonds and cash followed with inflows of $151 million and $40 million respectively.
Chinese equities performed most strongly in February due to the substantial price recovery experienced in this market.
AUTHOR
Anastasia Santoreneos
Recommended for you
ASIC has enacted civil penalty proceedings against Fiducian Investment Management Services alleging it breached its duties as a responsible entity and engaged in misleading and deceptive conduct.
Money Management looks back on the biggest people moves in the fund management world over the last three months.
Wilson Asset Management has lost the bid to take over running the Platinum Capital listed investment company, with shareholders opting for L1 Capital instead.
Franklin Templeton has completed its global integration of Martin Currie into ClearBridge Investments following its scrapping of the brand earlier this year.
