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Aussie ETF industry hits new record high as market rebounds

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The Australian exchange traded fund industry hit a new all-time high of AUD26.1 billion in funds under management (FUM) at the end of February, increasing 3.6 per cent (or AUD911 million), according to the BetaShares Australian ETF Review – February 2017.

The increase in FUM was evenly split between asset value appreciation and new net money, with AUD467 million of net inflows this month.

Betashares writes that the strongest flows in February were in US equities funds and Australian Equity Income funds. Outflows, on the other hand, came from broad global equities products, as investors isolated the US from the rest of the world for their international equities allocation.

The best performing funds in the Australian ETF industry were the BetaShares Geared US Equity Fund – Currency Hedged (hedge fund) and BetaShares Global Healthcare ETF – Currency Hedged.

New product development continued in February with the launch of Australia’s tenth active ETF, the Switzer Dividend Growth Fund.

“The growing demand for active ETFs in Australia is motivating more local managers to consider either developing exchange-traded versions of their current unlisted products or to launch new active funds in ASX-traded forms, skipping the unlisted form altogether,” says Betashares’ AlexVynokur.

“We expect this trend will only accelerate in the near future, as Australian investors continue to recognise the benefits of convenience, liquidity and accessibility that come with exchange traded funds,” he adds.

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