International equity ETPs attracting most flows

International equity exchange-traded products (ETPs) have attracted most flows, with the greatest net flows of $288.4 million, compared to inflows of $246.9 million for Australian equities, according to the VanEck ETF IQ Scorecard.

Over the 12 months to 30 June international equity ETPs saw net flows of $3.2 billion, with assets under management (AUM) of $21.9 billion, up from 29 per cent in the same period in 2018.

Australian fixed income ETPs attracted $208.8 million in net flows in June, with AUM of $4.8 billion up from 81 per cent a year ago, reflecting a more defensive portfolio positioning given fears of a global economic slowdown.

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Smart beta exchange-traded funds (ETFs) attracted monthly net flows of $272.7 million, compared to $348.9 million to market cap ETFs and $137 million to active ETPs.

VanEck Vectors Gold Miners was one of the top performers for June, which had reflected a rise in gold prices.

               

Top and bottom ETF performers for June




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