Continuing inflows show ‘ETFs are here to stay’
Australia's exchange traded fund (ETF) sector is continuing to attract investors, despite volatile markets seeing many adapting cautious approaches.
Data released by ETF issuer, BetaShares, revealed the industry attracted $181 million from new investors in February, with funds under management through ETFs going to $20.6 billion — a one per cent increase ($223 million) on the January figures.
Speaking to Money Management earlier this month, BetaShares managing director, Alex Vynokur, said the February data reflected a return to normality after a sluggish January.
"Net flows were $104 million in January… it was a slower number than usual, but at the same time it reflects the fact that January is a slow month generally speaking," he said.
"But I certainly would not classify it as an indication of a slowing down… if you look at the February figures, the flows have picked back up, it's quite a good story.
"ETFs are here to stay, and they're growing."
AUTHOR
Nicholas O'Donoghue
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