Sixteen months of ETF market growth

ETFs/international-equities/investors/

12 October 2013
| By Staff |
image
image
expand image

September represented the 16th consecutive month of growth for the Australian exchange traded fund (ETF) market, according to the latest BetaShares Australian ETF Review.

The company said that while the pace of growth was slower in September than in previous months, the market hit a fresh record high of $8.9 billion in assets under management, as market capitalisation grew by $138 million.

The analysis said there was a strong US-theme in September, with US equities and US dollar currency exposures being amongst the most popular in terms of net inflows.

"Investors continued to seek out cash, however, with inflows into the Australian High Interest Cash ETF being the second highest category for net inflows," the analysis said.

Commenting on the outcome, BetaShares managing director Alex Vynokur said the flows suggested investor appetite had not dampened for US exposures despite concerns around the US debt ceiling, with investors adding both US equities and the US Dollar currency to their portfolios.

He said that despite the bullish sentiment towards international equities, investors continued to favour cash.

Additionally, in a more distinct sign of negative sentiment, the BEAR fund, designed to go up when the market goes down and vice versa, entered the top 10 funds by net inflows this month for the first time in 2013.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 4 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 3 days ago

TOP PERFORMING FUNDS