Ilan Israelstam | Dec 14, 2018 12:40
Originally published by BetaShares h2 Industry ekes out gains in another tough month in equities /h2
Notwithstanding continued market volatility and sharemarket declines, the ETF industry returned to its growth trajectory after last month’s declines, ending the month at $41.1B in assets. The industry’s total market cap grew by 0.8% (+$320m), which was entirely driven by net inflows rather than asset appreciation. Read on for details of the month in ETFs.
h2 Market Cap/h2Comment: Net flows into the industry continued to be positive, amounting to $574m. This more than offsetted asset value declines experienced due to falling sharemarkets.
Category | Inflow Value |
International Equities | $242,720,347 |
Fixed Income | $188,761,742 |
Australian Equities | $137,465,727 |
Multi-Asset | $26,471,750 |
Australian Listed Property | $11,822,767 |
Comment: International equities were once again the category with highest flows (after Australian equities briefly took the mantle last month), although continued investor uncertainty regarding equities actually caused Australian Bond exposures to be the largest sub-category for flows this month – with total flows of $180m.
Category | Outflow Value |
Short | ($27,457,715) |
Currency | ($15,837,105) |
Comment: Net outflows at a category level were limited and appeared to be the result of investor profit taking – with investors selling out of Short exposures which rallied as the market declined, as well as continued selling in U.S. Dollar ETFs (even though the AUD staged a short-lived comeback in November).
h2 Top Sub-Category Inflows (by $) – November 2018/h2Category | Inflow Value |
Australian Bonds | $179,212,160 |
International Equities – Developed World | $164,337,318 |
Australian Equities – Broad | $69,356,952 |
International Equities – US | $31,667,333 |
nternational Equities – Sector | $31,434,114 |
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.