ETF growth continues apace
Australia's exchange traded fund (ETF) market is continuing to break records for growth with the sector increasing in value by $1.3 billion in July.
Data from the BetaShares Australian EFT Review for July reported that 55 per cent of industry's growth stemmed from new inflows, with the remainder being driven by strong equity market growth.
The report found that more than half of the $700 million of inflows came from international equities exposures, with strong flows into emerging markets equities.
With 139 ETFs trading on the Australian Securities Exchange (ASX), BetaShares reported that the strongest performers in July were, the Global Consumer Staples sector and the Nasdaq 100 ETF, while newcomer, the K2 Global Equities Fund, was the second most active ETF last
AUTHOR
Nicholas O'Donoghue
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Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
