ETFs reach $54.1bn
Despite sharemarket declines, the Australian ETF industry finished August at a record high of $54.1 billion in funds under management, according to a new report.
The BetaShares Australian ETF Review – August 2019 found ETFs received positive net inflows of $1.2 billion.
Fixed income gained the highest level of inflows, extending a trend seen throughout the year. It received inflows of $422 million, more than double of the next largest categories, international equities and Australian equities, which took in $196 million and $188 million respectively.
BetaShares chief executive Alex Vynokur commented: “In an uncertain and low interest rate environment, we’re continuing to see investors using ETFs as a vehicle of choice to diversify across asset classes, particularly ones with defensive qualities.”
“We believe this is indicative of the increasing maturing of the industry, as investors continue to understand the flexibility and access benefits exchange-traded funds provide, and adopt them into their investment strategies.”
The review also noted gold exposures received strong flows, with precious metals and gold exposures being the top performers for the second month in a row.
To read more, please click on the link below…
