Vanguard dominates ETF inflows through turbulent month
Exchange Traded Fund (ETF) provider, Vanguard, is topping the Australian market for inflows for the first two months of the year, a report reveals.
Data from the ANZ showed Vanguard's ETFs attracted $190 million in January and February, while State Street Global Advisors' SPDR has seen the biggest outflows ($235 million) of all the ETF providers in the Australian market in the same period, with its S&P/ASX200 ETF accounting for $202 million of its total outflows this year.
The report revealed that the 16 fixed income ETFs on the market attracted more than half of the $224 million flows so far this year, while equities accounted for 48 per cent of flows.
Commodities-based ETFs attracted $23 million in the month, with BetaShares seeing the bulk of that figure flow into its BetaShares Gold ($12 million) and BetaShares Crude Oil ($10 million) products.
ANZ head of ETFs, Kris Walesby said that while February had been a slower month in terms of flows, than previous Februaries, there were positives for the market.
"Even though there were some redemptions, it was actually net-positive in terms of asset accumulation for the month," he said.
"So you've got a situation where almost whatever the storm you put in from on it [the ETF market], it's still able to push through, and that's one of the best leading indications… of an industry that's really going from strength to strength."
AUTHOR
Nicholas O'Donoghue
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