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Aussie ETF assets drop over January

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The Aussie ETF firm Betashares reports that the Australian ETF industry ended January at AUD25.2 billion in funds under management (FUM), slightly down on the record level from the previous month.

The Aussie ETF firm Betashares reports that the Australian ETF industry ended January at AUD25.2 billion in funds under management (FUM), slightly down on the record level from the previous month.

Industry FUM declined by 2.3 per cent (or AUD521 million) in the first month of the year, although virtually all the decrease was as a result of market movements, as opposed to net outflows from the industry itself.

Product development activity was strong, with BetaShares reporting that it launched three new funds, including the first ethical global shares ETF using a broad range of eligibility criteria and the first currency funds in the Australian industry providing magnified exposures.

The firm reports that at a category level, fixed income, cash, and international equities received the highest inflows, while at a product level, the BetaShares Australian High Interest Cash ETF received the highest amount of inflows for the month, with AUD31 million of inflows, followed by Vanguard Australian Shares Fund, BetaShares Global Sustainability Leaders ETF, and BetaShares Australian Dividend Harvester Fund (managed fund.
“2017 has started with strong product development activity, a trend we expect to continue throughout the year. The three funds we launched reflect investor appetite for unique exchange traded fund exposures” says BetaShares’ Managing Director Alex Vynokur.

“We saw strong inflows into cash and fixed income ETFs this month, continuing on from strong demand for these categories over the course of 2016. While fixed income ETFs have been available on the ASX for five years, real growth in this category has only really commenced in the last 12 months or so, an indication of maturity in the industry” concludes Vynokur. The best performing product in January was currency-hedged global gold miners, ASX: MNRS.

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