ETFs see further growth

ETFs/australian-investors/

12 March 2013
| By Staff |
image
image
expand image

The exchange-traded fund (ETF) industry has seen further growth in February, with the industry reaching a record high of $7.1 billion in assets under management.

According to BetaShares' Australian ETF Review for February, the month saw new inflows of approximately $137 million – a result attributed to the continued bullish sentiment coming from investors.

"Optimism among Australian investors continued to drive healthy inflows into the industry and assets under management rose strongly again," said BetaShares head of investment strategy Drew Corbett.

"It was also the second month in a row where all top 10 products by inflows were equities-based, confirming continued bullish investor sentiment."

Notwithstanding heightened interest in broad-based equity products, there is a continued yield focus among investors, with this category of products attracting approximately $31 million of new money this month.

"We're seeing investors continuing to stick with high yielding equities products rather than other available ways to access yield such as fixed income ETFs," Corbett added.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 days 13 hours ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

1 week 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND