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Aussie ETFs hit record high


The Australian ETF industry hit a new record high of AUD23.4 billion in funds under management in July, according to the BetaShares July 2016 Australian ETF Review. 

Assets grew by 4 per cent (AUD900 million), aided by a rise in asset values in both the Australian and international markets as markets rallied, the firm writes. New money coming into the industry accounted for 25 per cent of the month’s growth (AUD225 million).
BetaShares writes that their BetaShares Australian High Interest Cash ETF received the largest inflows of the industry at AUD75 million. Broad Australian equities exposures recorded the largest outflows.
“Safe-havens such as cash received the highest levels of inflows, suggesting investors are remaining cautious despite the global share market rally.
“Additionally, the outflows from ETF exposures in local shares signals investors took profits in July, at the height of the rally,” says BetaShares Managing Director Alex Vynokur.
Four new products were launched in the local market in July, two products from BetaShares’ Global Sector series: BetaShares Global Energy Companies ETF – Currency Hedged, BetaShares Global Gold Miners ETF – Currency Hedged, Magellan Infrastructure Fund (Currency Hedged) and ANZ ETFS Euro Stoxx 50 ETF.
“The exchange traded fund industry is on a strong growth path, with a rapidly growing set of investment options now available to Australian investors” says Vynokur.
The top performing exchange traded products in July were Palladium (17.6 per cent), followed by BetaShares Geared Australian Equity Fund (13 per cent).

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