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ETFs reach $54.1bn

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Despite sharemarket declines, the Australian ETF industry finished August at a record high of $54.1 billion in funds under management, according to a new report.

The BetaShares Australian ETF Review – August 2019 found ETFs received positive net inflows of $1.2 billion. 

Fixed income gained the highest level of inflows, extending a trend seen throughout the year. It received inflows of $422 million, more than double of the next largest categories, international equities and Australian equities, which took in $196 million and $188 million respectively. 

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BetaShares chief executive Alex Vynokur commented: “In an uncertain and low interest rate environment, we’re continuing to see investors using ETFs as a vehicle of choice to diversify across asset classes, particularly ones with defensive qualities.”

“We believe this is indicative of the increasing maturing of the industry, as investors continue to understand the flexibility and access benefits exchange-traded funds provide, and adopt them into their investment strategies.”

The review also noted gold exposures received strong flows, with precious metals and gold exposures being the top performers for the second month in a row. 

The best performing product in August was the BetaShares Global Gold Miners ETF, with a return of 15.7 per cent.

Three new products were launched during August, bringing the total number of exchange-traded products trading on the ASX to 247.

 

ETFs reach $54.1bn
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.

You can contact her on [email protected].

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