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
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
