Average ETF trade value down
The average value of exchange traded fund (EFT) transactions fell by 22 per cent month on month in September, after a 23 per cent rise in value in August, research reveals.
Despite the fall in average trade values, the market saw a $200 million increase in funds under management (FUM), having fallen to $19 billion in August from a record high of $19.7 billion in July, the BetaShares Australian ETF Review for the month ending September 2015 found.
BetaShares managing director, Alex Vynokur, said, "Global market volatility was not enough to dampen the appetite for exchange traded products in September".
"The positive net inflows means Australian investors are increasingly using these products to mitigate against falling markets, in addition to taking advantage of rising markets," he said.
"There was again strong appetite for our Bear Funds throughout the month, as investors sought a simple way to protect against falls in Australian and US share markets."
Net outflow activity by category was low throughout September, and solely confined to outflows in commodities.
One new product was launched in September, taking the total number of new products launched this year to 42, compared with 12 new products launched in total in 2014.
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
