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
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
Perpetual has confirmed it has entered into an exclusivity agreement with a US private equity firm to progress discussions regarding the sale of its wealth management division.
Paradice Investment Management has become the latest fund manager to launch an active ETF version of its managed fund, placing greater emphasis on retail distribution.
