ETF industry reaches $60 billion

12 December 2019
| By Jassmyn |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago