Australian ETF Review
Ilan Israelstam | Jun 14, 2017 12:24
Originally published by BetaShares h2 Continued industry growth and inflows into Australian Equities ETFs/h2
The Australian ETF industry recorded another strong month of growth, with total industry FuM at the end of May hitting a new high as the industry nears the $30B mark. Total industry FUM at month end was $29.0B, with growth of 2.6% or $730M for the month. In a month where the Australian market tumbled, almost all the growth came from net new money, rather than asset appreciation.
h2- ASX Exchange Traded Funds Market Cap: $29.0B – New record high
- Market cap growth for month: +2.6%, + $733.7m
- Market cap growth for last twelve months: 25.1%, +$5.8B
Comment: We’re excited to be getting close another ’round number’ milestone of $30B. Growth trajectory for the industry continues to be robust.
h2 New Money/h2- New unit growth for month (units outstanding by number): 3.0%
- Net new money (units outstanding by $ value): +$657.8m
- 206 Exchange Traded Products trading on the ASX
- 2 new products launched this month -VanEck Vectors Australian Corporate Bond Plus ETF (ASX: PLUS) and UBS IQ Cash ETF (ASX: MONY)
Comment: Over the next quarter, we expect to see more products based on the cash & fixed income.
h2 Trading Value/h2- Average trading value up 44% to be the second largest trading month on record (first largest set in February 2017)
- Asian Equities and BetaShares Australian Equities Strong Bear Hedge Fund (ASX: BBOZ) the best performers this month
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