ETF industry reaches $60 billion
The Australian exchange traded fund (ETF) industry has reached a high of $60.7 billion in funds under management thanks to strong inflows and asset value appreciation, according to BetaShares.
The latest BetaShares report found that November had a monthly growth of $3.5 billion which was the largest dollar increase on record.
About $1.7 billion came from inflows, and $1.8 billion from asset value appreciation. Around $1.2 billion of inflows came from international and Australian equities, and $300 million from fixed income flows.
Over the last 12 months, industry growth was up 48% ($19.6 billion) and this was also the highest level of growth over a 12 month period.
Commenting, BetaShares chief executive, Alex Vynokur said: “To have added close to $20 billion in funds under management in the last 12 months is an outstanding performance, reflecting the broad appeal of ETFs to investors, advisers and institutions, who are increasingly recognising the benefits ETFs can offer”.
November also experienced eight products launched – four on the Australian Securities Exchange and four on Chi-X – and five of these products were active ETFs. This took the total number of exchange traded products to over 250.
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.
