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Betashares crowns top 10 ETFs for YTD inflows

ETFs/BetaShares/inflows/

16 July 2024
| By Jasmine Siljic |
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The top 10 ETFs for highest inflows over 1H24 have been revealed by Betashares, as well as the products with the largest outflows.  

In its half-yearly review of the ETF industry, the firm crowned the Betashares Australia 200 ETF as the top fund for inflows over the first half of the year at $1.1 billion. The overwhelming majority of funds seeing positive flows were either international or Australian equity funds, Betashares noted.

The top 10 ETFs by year-to-date inflows, as of 30 June, are as follows:

Product name Inflow value
Betashares Australia 200 ETF $1.1 billion
iShares Core S&P/ASX 200 ETF $727.5 million
VanEck MSCI World Ex-Australia Quality ETF $696.5 million
Vanguard MSCI Index International Shares ETF $682.2 million
iShares S&P 500 ETF $619.6 million
Vanguard Australian Shares Index ETF $569.4 million
Betashares NASDAQ 100 ETF $462.5 million
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF     $447.9 million
VanEck Australian Subordinated Debt ETF $383.2 million
Betashares Global Shares ETF $324.0 million

Largest outflows

In terms of ETFs with the greatest outflows, these were largely dominated by the Magellan Global Fund. Betashares noted: “It was another horrible half for Magellan’s Global Fund, which sustained large, albeit slowing, outflows over the period.”

The Magellan Global Fund (Open Class) (Managed Fund) bled $794.9 million in outflows over the half-year period, representing the highest decline in the ETF sector. This is in addition to $2.5 billion lost during 2023.

The top 10 ETFs by year-to-date outflows are as follows:

Product name Outflow value
Magellan Global Fund (Open Class) (Managed Fund)  $794.9 million
Betashares Australian Sustainability Leaders ETF $245.9 million
iShares Edge MSCI World Minimum Volatility ETF $187.7 million
AB Managed Volatility Equities Fund (Managed Fund)  $180.0 million
SPDR S&P Global Dividend Fund $110.9 million
Perth Mint Gold $104.7 million
ActiveX Ardea Real Outcome Bond Fund (Managed Fund)     $103.1 million
Betashares FTSE 100 ETF $91.4 million
VanEck Australian Property ETF $90.1 million
Betashares Global Sustainability Leaders ETF $76.2 million

 

The Australian ETF industry surpassed $200 billion in assets under management in June 2024, according to both Betashares and recent Vanguard data.

Given the increasing rate of adoption of ETFs by investors and their financial advisers, Betashares believes the industry can hit $220 billion by the end of the year and increase to $500 billion by the end of 2030.

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