ETFs hit all-time high in May

The Australian exchange traded fund (ETF) industry has hit an all-time high aided by price appreciation as both domestic and global share markets rallied in May, according to BetaShares.

The BetaShares Australian ETF Review revealed that the total funds under management (FUM) amounted to $23.2 billion last month, representing a 6.3 per cent growth across all metrics, including net inflows, trading activity and new products launched.

Additionally, only 30 per cent of the month's growth, or $411 million, came from new money, according to the study.

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BetaShares managing director, Alex Vynokur, said that in May, in addition to significant FUM growth, the market also saw an increase in trading volume of 23 per cent on the previous month.

"The upside seen in the NASDAQ 100 Index highlights the importance to investors of considering diversification, especially in light of the opportunities found in the international markets," he added.

According to BetaShares, which after the slow start of the year launched 11 new products, Broad Australian equities received the highest inflows of any category, of $300 million, with cash exposures reducing while the best performing product for the month was BetaSahres NASDAQ 100 ETF, which had a total return of around 10 per cent and was followed by Japanese equity exposure.

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