ETFs receive positive inflows for January
Despite global market volatility the Australian exchange traded fund (ETF) sector received positive net inflows of $104 million for the month of January, according to BetaShares.
BetaShare's latest ETF report found the total funds under management (FUM) at the end of January was $20.4 billion, but represented a decrease in total FUM of $925 million (4.3 per cent) due to a decrease in asset values.
Commenting, BetaShares managing director, Alex Vynokur, said "this year kicked off with a shaky start for global share markets. Amid this volatility, the exchange traded fund industry continued to receive positive inflows".
Australian high yield equities was the most popular product category, receiving a total of $73 million net inflows.
The report also found other Australian equities exposures received net outflows including broad market, small cap, and large cap exposures.
The report said as the month was quiet, it was not unexpected that no new products were launched.
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