
Funds Management News
Local ETF industry on track for $300bn, fund manager says
InvestorDaily
Australia’s ETF market has enjoyed a string of successes in 2024, with recent analysis hinting the asset class is poised for further significant growth. The Australian exchange traded fund (ETF) industry’s market cap has reached a new high of $247 billion, according to new research from VanEck, following growth of 38 per cent growth in 2024 and inflows of $35 billion. The top four issuers, including Vanguard, Betashares, iShares and VanEck, accounted for almost 99 per cent (98.8 per cent) of total flows for the year.
In December alone, monthly net flows also hit an all-time high of nearly $4 billion, with the top four accounting for 96.4 per cent of net flows. Commenting on the data, VanEck said it believes the local market could expand to over $250 billion in the first quarter and top $300 billion by the end of the year. “Looking ahead, the growth trajectory for ETFs is expected to continue unabated,” the fund manager said on Friday.
The rest of this article can be found at investordaily.com.au.