Australian ETF industry marks solid start to 2019
The Australian exchange traded fund (ETF) industry has recorded a strong start to 2019, helped by the market's rally after the turmoil at the end of the last year, according to BetaShares’ Review January 2019.
The first month of the year saw its second largest monthly assets increase on record, with monthly growth of 4.3 per cent or $1.7 billion and hitting its all-time high of 442.5 billion in funds under management (FUM).
According to Betashares’ study, price increases accounted for 60 per cent of the growth while the remaining 40 per cent came from net industry inflows ($700 million).
Similarly to the prior months, the international equities category attracted the highest amount of net inflows ($242 million) and was followed by fixed income with net inflows of $188 million, of which Australian Bond exposures accounted for $162 million.
BetaShares’ managing director, Alex Vynokur, said: “Yet despite these rallies, we are still noticing that investors remain concerned about equity markets and are continuing to allocate towards more defensive exchange traded products to ensure their portfolios are well-diversified.”
AUTHOR
Oksana Patron
Recommended for you
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
Tyndall Asset Management is to close down the Tyndall brand and launch a newly-branded affiliate following a “material change” to its client base.
First Sentier has launched its second active ETF, offering advisers an ETF version of its Ex-20 Australian Share strategy.
BlackRock has revealed that its iShares bitcoin ETF suite has now become the firm’s most profitable product line following the launch of its Australian bitcoin ETF last month.
