ETF industry smashes YTD flows record

InvestorDaily

The local exchange-traded fund (ETF) market attracted $3.2 billion in investor inflows during October – marking the second highest level for monthly flows on record, according to Betashares. Notably, year to date (YTD) industry net flows amounted to $23.7 billion at the end of the month, surpassing the previous annual record of $23.2 billion set in 2021. “This trend is very similar to the experience overseas, with 2024 set to be a record breaking for the ETF industry both home and abroad,” Betashares said.

Strong net flows, combined with positive market movements, were also able to push the Australian ETF industry to a new all-time high in assets under management, which added 2.5 per cent over October to $232.5 billion. Moreover, ASX trading value was slightly higher month on month, at some $11.9 billion. According to Betashares, there were also four new funds launched in October, including a moderately geared exposure to the Nasdaq 100 (GNDQ) and the Global Defence ETF (ARMR). Conversely, a climate transition-focused active ETF was closed.

The rest of this article can be found at investordaily.com.au.