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.
Recommended for you
A fourth private credit fund has received interim stop orders from ASIC following the regulator’s surveillance review.
Perpetual is yet to confirm a buyer for its planned wealth management disposal, but has reported strong asset management inflows in the first quarter.
Two ETF fund managers have opted to switch away from Cboe and onto the ASX in search of better broker connectivity.
The former CEO and co-founder of Zenith Investment Partners has switched sides and moved in-house to take up an executive role at a listed fund manager.