ETF funds under management decline in August
Funds under management (FUM) in the Australia exchange traded fund ETF market fell by $700 million in August despite another record month of trading.
The BetaShares Australian ETF Review for the month ending August 2015, found average trading value increased 23 per cent, to a record high of $2.3 billion.
While the structural growth of the industry also continued throughout the month, with net inflows recorded of $330 million, even as markets globally experienced declines.
Following a month of volatility, BetaShares managing director, Alex Vynokur said FUM declined 3.8 per cent for the month, with "Australian investors using exchange traded products to express both bullish and bearish views on the global markets".
AUTHOR
Nicholas O'Donoghue
Recommended for you
Two private market managers have shared how they aim to ensure their funds can meet their liquidity terms, reassuring advisers who are cautious about redemptions.
Total ETF inflows grew by almost a third in April, according to VanEck, with four Vanguard funds seeing heavy inflows to mark the provider’s highest monthly ETF inflows.
A Fidelity portfolio manager has announced he will be departing the business after almost a decade.
Three fund managers have been added as underlying managers for the Third Link Growth Fund, an Australian equity fund donating its fee to charity.
