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Australian ETF industry reaches $54.1b

ETFs/BetaShares/Alex-Vynokur/exchange-traded-funds/

13 September 2019
| By Oksana Patron |
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The Australian exchange traded industry (ETF) finished the month of August at an all-time high of $54.1 billion in funds under management, according to BetaShares Australian ETF Review.

Despite sharemarket price declines, ETFs received positive net inflows of $1.2 billion to reach a new record high.

At the same time, fixed income received inflows for $422 million, more than double that of the next largest categories, international equities and Australian equities, which took in $196 million and $188 million respectively.

The study also found that gold exposures also received strong flows and precious metals and gold exposures were the top performers.

BetaShares CEO, Alex Vynokur, said: “In an uncertain and low interest rate environment, we’re continuing to see investors using ETFs as a vehicle of choice to diversify across asset classes, particularly ones with defensive qualities”.

“We believe this is indicative of the increasing maturing of the industry, as investors continue to understand the flexibility and access benefits exchange traded funds provide, and adopt them into their investment strategies.”

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