Funds Management News
Aussie ETFs near $50bn
InvestorDaily
Australia’s ETF sector ended May at a high of $48.7 billion in funds under management, with all of its monthly growth coming from net inflows, according to a new report. The BetaShares Australian ETF Review – May 2019 showed that the industry received around $1 billion in net new money during the month, with its monthly total market cap increasing by 1.4 per cent. ETFs were also reported to reach a record in terms of trading value, with more than $4 billion of value traded over the month for the first time.
Australian shares and bonds received the highest amount of flows, with both categories receiving around $250 million in net flows. “Fixed income ETFs have received significantly more attention this year than ever before as investors continue to exhibit caution on the equities market,” Alex Vynokur, chief executive of BetaShares, said. “Year to date, fixed income is the number one category for flows in the industry, marginally beating out the ever-popular international equities category.
The rest of this article can be found at investordaily.com.au.