Matthew Reeves
3 minutes reading time
2025 off to a bang as ETF industry passes $250 billion
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The Australian ETF industry surged past $250 billion in funds under management, on the back of record inflows and positive market performance.
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2025 kicked off with a bang as the Australian ETF industry recorded a mammoth $4.6B in net flows. Following record inflows and strong market performance – the industry rose by 4.5% for the month, with the total market cap increasing by $11.1B. As a result, total industry assets now stand at $257.4B – a new all-time record high.
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Interestingly, January has historically been a quieter month for the Australian ETF industry. However, 2025 has proven to be a very different story with a mammoth $4.6B in industry flows for the month – beating the prior record by over $600 million.
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January also saw strong flows for smart beta exposures, with these funds recording $473.8 million in net inflows.
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ASX trading value dipped month on month, sitting at $13B for January.
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Over the last 12 months the Australian ETF industry has grown by 35.9%, or $79.9B.
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In terms of product launches, there were 2 new Active ETFs launched in January.
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Gold miner exposures, including the MNRS Global Gold Miners Currency Hedged ETF , were the highest performing funds in January – with the fund returning 13.96%.
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January was a strong month for International Equities products ($1.8B), ahead of Australian Equities ($1.3B) and Fixed Income ($743 million).
Market Size and Growth: January 2025
CAGR: Compound Annual Growth Rate. Source: ASX, CBOE
Market Cap
- Australian Exchange Traded Funds Market Cap (ASX + CBOE): $257.4B – all time high
- ASX CHESS Market Cap: $219.21B1
- Market Cap change for January: 5%, $11.1B
- Market cap growth for last 12 months: 9%, $79.9B
New Money
- Net inflows for month: $4.6B – all time high
Products
- 397 Exchange Traded Products trading on the ASX & CBOE
- There were 2 new Active ETFs launched in January
Trading Value
- ASX trading value dipped to ~$13B for the month
Performance
- Gold miner exposures, including the MNRS Global Gold Miners Currency Hedged ETF , were the highest performing funds in Jan – with the fund returning 13.96%.
Industry Net Flows
Top Category Inflows (by $) – Month
| Broad Category | Inflow Value |
| International Equities | $1,787,095,297 |
| Australian Equities | $1,333,114,543 |
| Fixed Income | $743,356,440 |
| Cash | $474,104,563 |
| Multi-Asset | $102,910,273 |
Top Sub-Category Inflows (by $) – Month
| Sub-Category | Inflow Value |
| Australian Equities – Broad | $1,362,999,482 |
| International Equities – Developed World | $881,426,284 |
| International Equities – US | $619,306,138 |
| Cash | $474,104,563 |
| Australian Bonds | $463,678,606 |
Top Sub-Category Outflows (by $) – Month
| Sub-Category | Inflow Value |
| Australian Equities – Sector | -$57,539,050 |
| Australian Equities – Geared | -$50,871,697 |
| Australian Equities – Large Cap | -$19,444,383 |
| International Equities – E&R – Sustainability | -$17,876,773 |
| Australian Equities – Short | -$16,234,664 |
Performance
Top Performing Products – Month
| Ticker | Product Name | Performance (%) |
| GDX | VanEck Gold Miners ETF | 14.02% |
| MNRS | Betashares Global Gold Miners Currency Hedged ETF | 13.96% |
| IBTC | Monochrome Bitcoin ETF | 12.39% |
| GEAR | Betashares Geared Australian Equity Fund (Hedge Fund) | 10.18% |
| EBTC | Global X 21Shares Bitcoin ETF | 9.84% |