Australia’s top ETF revealed

Posted by Anton Murray Consulting on 5 Feb, 2024


Vanguard has claimed the spot for the country’s most popular ETF for the second year in a row. The Vanguard Australian Shares Index ETF (VAS) was ranked as the largest ETF in Australia for the second year in a row, with a market cap of $14.4 billion as at the end of 2023. According to data published by BetaShares as part of its Australian ETF review for 2023, VAS received $1.53 billion in inflows last year, surpassing the runner up by almost half a billion.

The Vanguard MSCI Index International Shares ETF (VGS) came in second, with a market cap of $6.5 billion, while the iShares S&P 500 ETF (IVV) followed closely behind with $6.5 billion – both funds jumped up one spot from last year. However, Betashares chief commercial officer Ilan Israelstam noted: “There was a bit of jostling in position year on year amongst the top 10 largest products”. Namely, the Magellan Global Fund (Open Class) (Managed Fund) (MGOC), which came second in 2022, fell to fourth place with a market cap of $6.1 billion, and experienced outflows of $2.5 billion.

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