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.
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
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.