ETF FUM reaches $30.9b

ETFs/BetaShares/

13 September 2017
| By Jassmyn |
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The Australian exchange traded fund (ETF) industry has reached $30.9 billion in funds under management (FUM) thanks to three quarters of the growth coming from net new money ($644.1 million), according to BetaShares.

BetaShares’ August ETF report found this was an increase of 2.2 per cent ($842 million) on the previous month.

BetaShares found the category with the highest level of inflows was global equities, receiving net inflows of $350 million, despite the rest of the year having seen strong inflows into Australian equities. Australian bonds continued to receive robust inflows with investors remaining cautious on the Australian share market.

Gold miners and resources ETFs provided investors with the best performance for the month.

BetaShares managing director, Alex Vynokur, said: “Pushing past the $30 billion assets under management milestone is a good landmark for the industry – it’s great to see that investors are seeing the value that ETFs deliver”.

“This support is an unequivocal sign of increasing investor understanding and demand for ETF products,” he said.

“The bounce back of gold and the performance of resources in the ETF market, despite investor caution on Australian equities more broadly, reflects the Australian ETF industry’s ability to remain versatile.”


 

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