International equity ETPs attracting most flows
International equity exchange-traded products (ETPs) have attracted most flows, with the greatest net flows of $288.4 million, compared to inflows of $246.9 million for Australian equities, according to the VanEck ETF IQ Scorecard.
Over the 12 months to 30 June international equity ETPs saw net flows of $3.2 billion, with assets under management (AUM) of $21.9 billion, up from 29 per cent in the same period in 2018.
Australian fixed income ETPs attracted $208.8 million in net flows in June, with AUM of $4.8 billion up from 81 per cent a year ago, reflecting a more defensive portfolio positioning given fears of a global economic slowdown.
Smart beta exchange-traded funds (ETFs) attracted monthly net flows of $272.7 million, compared to $348.9 million to market cap ETFs and $137 million to active ETPs.
VanEck Vectors Gold Miners was one of the top performers for June, which had reflected a rise in gold prices.
Top and bottom ETF performers for June
AUTHOR
Chris Dastoor
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
