Exchange-traded product market hits $24bn

Exchange-traded product market hits $24bn

Funds under management for Australia’s ETP market reached $24.1 billion in September, up from $23.4 billion in August, data from the ASX has shown.


The volume of ETP transactions made during the last month was also up, with the number of transactions made rising 7529 from August to reach 68,982 in September.

According to ETF manager BetaShares, the total funds under management for September marks a new record high for the industry, reporting $580 million in inflows and increasing funds under management by 2 per cent.

“Over the course of the month, the local share market remained flat and global share markets fell. As such, all of growth can be attributed to new money rather than asset value growth, making the month’s industry growth all the more impressive,” the company said.

BetaShares commented that broad Australian equities received the highest flows for the month, adding that best performing exposures were all related to the commodities and resources sectors.

“This month saw Australian investors continue to add local exposures to their portfolios. Australian fixed income, in particular, is a category which has really broken out from a growth perspective in 2016,”said BetaShares managing director Alex Vynokur.

Read more:

ASX updates cash equities code of practice

Life insurance claims data to be made public

CBA names new chair

No compulsion on retirement income: O'Dwyer

House price crash 'unlikely': AMP Capital

 

Exchange-traded product market hits $24bn
investordaily image
ID logo
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer