Analysis from the ASX’s monthly review of listed managed investments and exchange-traded products (ETPs) has found the exchange-traded funds (ETFs) industry increased by $700 million after growing $1 billion in February 2015 to $16.8 billion.
Commenting on the industry’s growth, BetaShares managing director Alex Vynokur said this demonstrates how investor demand and interest in ETPs is going from “strength to strength”.
“The record high in monthly trading value shows investors are using exchange-traded products beyond ‘buy and hold’, and are now regularly making use of ETFs to take tactical positions on market movements,” Mr Vynokur said.
“In what is a significant industry milestone, the first ‘active’, non-transparent exchange-traded product was also launched in March.
“The reception and interest in the product demonstrates how rapidly the industry is maturing,” Mr Vynokur added.
The ASX also noted that the average trading value of ETFs had increased by 25 per cent to $1.9 billion, up from $1.5 billion in February.
BetaShares also added that product development has remained strong throughout 2015, with the launch of two new products in March bringing the total number of products launched this year to nine compared with a total of 12 products launched throughout 2014.
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