Aussie ETF industry reaches yet another all-time high

InvestorDaily

The Australian ETF industry grew to $153.5 billion in funds under management during the month of July, 2.4 per cent above the previous $150.0 billion record reached a month earlier. The latest BetaShares Australian ETF Review suggested that “robust” investor flows combined with market appreciation had resulted in a strong start to the second half for the ETF industry. A total $1.1 billion of net inflows were recorded in July, the second highest level of monthly net flows so far this calendar year and representing 30 per cent of the industry’s growth for the month.

“Very much in line with the year to date, we once again saw Australian fixed income exposures lead the way in terms of flows, with the category recording the highest level of net flows this month ($557 million),” said BetaShares chief commercial officer Ilan Israelstam. “However, for the first time in the calendar year, we saw strong net inflows into international equities exposures, recording their first meaningful monthly inflow as a category since the beginning of the year ($497 million), as investors sought out global growth exposures.” Mr Israelstam noted that outflows were mostly limited to selling in cash ETFs (-$129 million) and what he said appeared to be profit-taking related selling in oil ETFs (-$18 million).

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