The local ETF industry has reached a “fresh all-time high” in growth in May.
The growth, which the BetaShares report credits to sharemarket appreciation and robust net inflows, ended last month at a total market cap of $111.7 billion, a growth of 3 per cent month-on-month.
The biggest performance in May came from gold miners and gold bullion products including MNRS (10.7 per cent) and BetaShares’ hedged gold bullion ETF (7.6 per cent).
Further to this, the last 12 months saw a 75 per cent increase of $47.7 billion – the highest dollar value increase in that period of time in the industry’s history.
Last month also saw a significant spike in international equities products.
While exposure has consistently been strong for the year, over $1 billion of the ETF industry’s net flows (75 per cent) came from overseas equities products.
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 unemployment falling to pre-pandemic levels, the central bank still thinks it’s too early to count its chickens on the success of ...