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
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
