Australian ETF industry FUM down in October

ETFs/exchange-traded-funds/funds-under-management/FUM/BetaShares/australian-equities/Alex-Vynokur/

16 November 2018
| By Oksana Patron |
image
image image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3