Solid growth for ETPs: BetaShares
Renewed investor appetite for both international and domestic equities has seen the exchange traded product (ETP) market reach $6 billion in assets under management.
In fact, the ETP market grew by $360 million in October alone, according to BetaShares' Australian ETF Review.
"The flow of money for the month suggests renewed investor appetite into both international and domestic equities," according to head of investment strategy at BetaShares Drew Corbett.
"While yield has been the flavour of the ETP market this year, we are starting to see investors slowly flowing back to more growth-based products," he added.
The best exchange-traded funds (ETFs) by performance were the China and listed property ETFs, though eight out of the top 10 were equity-based.
However, not all the industry growth was attributable to growth products, with continued new inflows into cash-based ETFs and the currency-hedged gold ETFs, the report found.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
