ETF industry grows by $1.3bn in July

ETF industry grows by $1.3bn in July

The Australian exchange-traded fund industry recorded its largest month of growth in July, increasing $1.3 billion to $19.7 billion, says BetaShares.


According to BetaShares' Australian ETF Review, the industry increased by 7.0 per cent in July, with $700 million attributed to new money inflows.

BetaShares managing director Alex Vynokur said: “It is pleasing to see that investor appetite for exchange-traded products in Australia is stronger than ever, resulting in the fastest monthly industry growth we’ve experienced to date occurring in July.”

“We’re also seeing Australian investors continuing to embrace exchange-traded products as a means to access overseas equity markets.”

The review found that investors are moving towards a preference for international equities – over 50 per cent of the month’s inflows were allocated overseas.

“With investor take-up of exchange traded products continuing at a rapid pace, we expect further strong growth in the market for the remainder of 2015,” Mr Vynokur said.

Notably, market-cap growth for the last 12 months reached $7.5 billion, or 60.3 per cent, the review found.

Moreover, July saw relatively low outflow activity, restricted to the resources sector and small-cap exposures.

 

 

ETF industry grows by $1.3bn in July
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong