BetaShares revises down ETFs FUM forecast

ETF/Magellan/BetaShares/vanguard/

19 July 2022
| By Laura Dew |
image
image image
expand image

Exchange traded funds (ETFs) are forecast to see minimal growth this year as a result of market volatility as BetaShares revises its funds under management (FUM) forecast down to 2021 levels.

At the end of 2021, BetaShares had forecast 2022 growth would see the industry approach $200 billion in FUM.

However, the performance and volatility of Australian and global stock markets and changed economic conditions had led them to revise this forecast downwards to $135 billion - $140 billion.

This would indicate minimal growth during the year as assets under management (AUM) at the end of last year was $137 billion, an increase of 44% during the year.

The first half of 2022 had been “far less buoyant”, the firm said, with inflows insufficient to offset market falls. Funds under management decreased by 9% in the six months to $124.3 billion which was attributable to market declines.

Net flows were $6.2 billion, 30% less than flows in the first half of 2021, with a notable reduction in flows into international equity products.

Instead, Australian equity products received the bulk of inflows, double the volume of those into international, with the Vanguard Australian Index fund taking the most assets “by a substantial margin” at $1.7 billion.

This was now the largest ETF in Australia at $10.4 billion, surpassing Magellan Global where year-to-date outflows of $2.1 billion saw it fall to second place.

 

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?...

5 months 1 week ago

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

5 months 2 weeks ago

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

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

6 days 17 hours 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...

3 weeks ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5