Australian ETF Review – April 2017

BY Ilan Israelstam | 10 May 2017
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New products, record FuM.

The Australian ETF industry recorded another strong month of growth, with total industry FuM at the end of April hitting a new high of $28.3B.  Growth was relatively evenly split between new inflows (representing 43% or ~$400m) and market value appreciation. Flows were a mirror of last month, with largest inflows into the Australian equities category, along with good flows into Australian bonds, with virtually no outflows recorded at either a category or sub-category level.

 

Market Cap

  • ASX Exchange Traded Funds Market Cap: $28.3B – New record high
  • Market cap growth for month:  +3.3%, + $900.8m
  • Market cap growth for last twelve months: 29.5%, +$6.5B

New Money

  • New unit growth for month (units outstanding by number): 1.8%
  • Net new money (units outstanding by $ value): +$395.7m

Products

Trading Value

  • Average trading value down 34% vs. last month’s record month

Performance

  • European equities (unhedged) the best performers this month

Top 5 category inflows (by $) – April 2017

Category                                                          Inflow Value
Australian Equities $ 116,022,341
International Equities $ 113,757,770
Fixed Income $ 82,818,315
Cash $ 51,271,328
Australian Listed Property $ 12,453,290

Comment: The largest inflows were recorded in the Australian equities and Australian bonds categories, with virtually no outflows recorded at either a category or sub-category level.

Top category outflows (by $) – April 2017

Comment: No outflows at a broad category level.

Top sub- category inflows (by $) – April 2017

Category                                                          Inflow Value
Australian Equities – Broad $ 82,979,771
Australian Bonds $ 54,651,187
Cash $ 51,271,328
International Equities – Developed World $ 46,042,747
Global Bonds $ 28,167,128

Top sub- category outflows (by $) – April 2017

Category                                                                      Outflow Value
Australian Equities – Geared ($ 4,415,085)
Australian Equities – Large Cap ($  2,24,666)

 

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