Despite considerable market volatility throughout September, the Australian exchange traded fund (ETF) industry experienced positive net inflows over the month, says BetaShares.
According to BetaShares Australian ETF Review – September 2015, structural growth of the ETF industry continued with inflows of $437 million in September.
BetaShares managing director Alex Vynokur said: “Global market volatility was not enough to dampen the appetite for exchange traded products in September.”
“The positive net inflows means Australian investors are increasingly using these products to mitigate against falling markets, in addition to taking advantage of rising markets.”
However, while there were positive net inflows, BetaShares reported that average trading value decreased 22 per cent month-on-month.
Net outflow activity by category was low and confined to commodities, with the ETF industry finishing the month at $19.2 billion.
The report indicated that one new product was launched in September, taking the total number of new products launched this year to 42, compared with 12 new products launched in 2014.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...
The next financial year could see a “new record year” for dividends as the Australian economy continues its recovery from the COVID-19 p...