Strong ASX performance prompts flight to Aussie ETFs
Selfwealth has shared the top 10 traded exchange traded funds (ETFs) in November as the ETF landscape reaches $170 billion.
November was a strong month with the ASX 200 reporting 4.5 per cent during the period, and this was reflected in the trading choices of investors. They were also more confident that rate rises from the Reserve Bank of Australia could be approaching their peak.
Five Australian ETFs were among the top 10: Vanguard Australian Shares Index in first place, Betashares Australia 200, Betashares Geared Australian Equity, Betashares Australian Equities Strong Bear Hedge and Vanguard Australian Shares High Yield ETF.
Vanguard’s Australian Shares Index is the largest ETF in Australia by market cap at $13.1 billion. Since the start of 2023, it has returned 4.52 per cent versus a benchmark return of the ASX 300 index of 4.58 per cent.
Robert Marfell, brand and content lead at Selfwealth, said: “The presence of many shorting ETFs in November’s most-traded data indicate some investors weren’t 100 per cent sold on December’s now apparent Santa rally.
“Looking at Selfwealth’s generational data, most shorting activity comes from older cohorts with investors who most likely have broad sector expertise. The younger generations tend to opt for market staples like large index-tracking funds from Vanguard, Betashares and iShares.”
Rounding out the top 10 are Vanguard MSCI Index International Shares, iShares Core S&P 500, Betashares NASDAQ 100, Vanguard US Total Market Shares and Betashares Diversified All Growth ETF.
Earlier this month, Betashares found Australian equities ETFs were the second-most popular asset class in November with $600 million of net inflows, although international equities had the most inflows at $955 million. This was a departure from previous months when bond ETFs held top spot.
Overall net inflows of $2.1 billion were recorded in November, equalling the second-highest level of net flows in 2023 to date with $2.2 billion recorded in August.
AUTHOR
Laura Dew
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
