Australian ETF industry FUM down in October
The Australian exchange-traded fund (ETF) industry followed dramatic share-market falls and dropped 3.2 per cent in October, driving down funds under management (FUM) to $40.8 billion, according to BetaShares’ Australian ETF Review – October 2018.
However, the study showed that net flows into the industry were still positive, with the industry taking in approximately $760 million of new money.
Furthermore, for the first time this year Australian equities were the largest category for inflows and attracted $369 million. This was followed by international equities, which received over $164 million.
BetaShares’ chief executive, Alex Vynokur, said: “We are starting to see a trend emerging, much like the more mature and developed US ETF industry, of Australian investors utilising the liquidity benefits of ETFs during times of market volatility, with ETFs being effective and easy ways to express investment views in such time.”
AUTHOR
Oksana Patron
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