ETFs post ongoing record inflows

australian securities exchange australian equities ETFs cent

13 June 2013
| By Staff |
image
image
expand image

The exchange-traded funds (ETF) sector has continued to grow for an eighth consecutive month, recording a new level of assets under management and strong net inflows despite falls in the Australian equities market. 

The ETF market reached $7.6 billion in assets under management in May, with net inflows increasing 4 per cent to $248 million for that month. At the same time the market cap for ETFs increased by 2.8 per cent to $204 million, according to data released by BetaShares. 

ETFs which attracted the most interest were those with international equities exposure, which attracted $150 million of inflows. US dollar ETFs attracted $23 million of inflows as the Australian dollar depreciated against its US counterpart during May. However, gold bullion ETFs had redemptions of $35 million. 

High yield products also attracted significant inflows of $100 million, with the record levels of domestic inflows to ETFs reflecting a global inflows trend which reached $26.5 billion in May and more than $100 billion for 2013. 

Trading values in ETFs also increased by 50 per cent month-on-month, with 85 ETF products being actively traded on the Australian Stock Exchange. 

“The month of May has been another positive month for the Australian exchange-traded fund industry, which once again hit a record high. Local investor appetite is buoyant, with trading value increasing 50 per cent since April,” said BetaShares managing director Alex Vynokur.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 20 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 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....

3 weeks ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

6 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 3 hours ago