International equities ETF growth trumps domestic peers

Posted by Anton Murray Consulting on 14 Feb, 2024


The Australian ETF industry saw growth of 3.2 per cent in January – equivalent to $5.6 billion – reaching a new record high of $183.1 billion in funds under management (FUM), driven by asset value appreciation and investor net inflows. According to Betashares, net inflows of $1.7 billion represented approximately 30 per cent of the industry’s monthly growth, which is “a robust result in what is typically the quietest month of the year”. “In a continuation of what we observed in the final month of 2023, investors returned to equities with international and Australian equities ETFs being the No. 1 and No. 2 most-bought categories, respectively,” observed Ilan Israelstam, Betashares chief commercial officer.

International equities received $985.4 million of net inflows, while Australian equities saw net inflows of $717.5 million. Fixed income was the next most popular category with $67 million, followed by cash at $56 million. Interestingly, fixed income ETFs saw the most inflows in 2023 at $5.3 billion – the first time that fixed income took the top spot since Betashares started conducting its annual reports.

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