ETF monthly trading values hit record high
The Australian exchange traded fund (ETF) industry reached a new record for monthly trading values, with activity hitting $2.1 billion in April, research reveals.
The BetaShares Australian ETF Review, reported the sector saw "relatively low headline growth" of approximately $100 million for the month.
However, the report said the slowdown in headline growth "belied the ‘true industry growth' with falling markets detracting from new money inflows", which were around $500 million.
The review found that in terms of product categories, inflows were highest in broad Australian equities and developed international equities, including strong inflows into European exposures, while there was "relatively significant redemption activity was recorded in emerging markets exposures".
AUTHOR
Nicholas O'Donoghue
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