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.
Asset managers are set to experience rough tides in the next few years, with the US and Europe to adopt quantitative tightening, according t...
Global credit investment manager Bentham Asset Management has added the Bentham Asset Backed Securities Fund to the ASX mFund Settlement Ser...
A dedicated renewable energy fund has raised over $150 million to bring its fund size to $540 million. ...