Betashares Australian ETF Review: November 2024

Australian ETF industry continues hot streak

  • The Australian ETF industry sees a new record in terms of assets under management – with the industry now within striking distance of the $250 billion milestone.
  • Year to date industry net flows to November now stand at $26.9B, setting a new record and putting distance between the previous mark of $23.2B set in 2021.
  • November saw the ETF industry have its second strongest month on record in terms of asset growth. The industry rose by 4.5% for the month, with the total market cap increasing by $10.4B. Total industry assets now stand at $242.9B – a new all-time record high.
  • Industry flows were strong again with $3.1B recorded for the month, the third all-time highest level for monthly flows on record.
  • ASX trading value was slightly higher month on month, at ~$13.7B for November.
  • Over the last 12 months the Australian ETF industry has grown by 36.9%, or $73.2B.
  • In terms of product launches, there were 4 new funds launched in November, including Australia’s first ethical Australian fixed income ETF and three other funds. Conversely, Magellan closed three active funds from their Core range.
  • Digital asset exposures again performed well, with the CRYP Crypto Innovators ETF topping the list with a 42.4% return for the month.
  • November was a stand out month for International Equities products ($1.7B) more than doubling the nearest category. Australian Equities ($804 million) and Fixed Income ($565 million) products rounded out the top three in terms of category flows.

Australian ETF Industry AuM: July 2001 – November 2024

CAGR: Compound Annual Growth Rate. Source: ASX, CBOE

Market Cap

  • Australian Exchange Traded Funds Market Cap (ASX + CBOE): $242.9B – all time high
  • ASX CHESS Market Cap: $206.03B1
  • Market Cap change for November: 4.5%, $10.4B
  • Market cap growth for last 12 months: 36.9%, $73.2B

New Money

  • Net inflows for month: $3.1B

Products

  • 399 Exchange Traded Products trading on the ASX & CBOE
  • In terms of product launches, there were 4 new funds launched in November, including Australia’s first ethical Australian fixed income ETF and three other Conversely, Magellan closed three active funds from their Core range.

Trading Value

  • ASX trading value was high at ~$13.7B for the month.

Performance

  • Digital asset exposures performed well again, with the CRYP Crypto Innovators ETF  topping the list with a 42.4% return for the month.

Industry Net Flows

Top Category Inflows (by $) – Month

  Broad Category Inflow Value
International Equities $1,694,782,276
Australian Equities $804,061,023
Fixed Income $565,677,156
Multi-Asset $101,801,693
Currency $61,770,382

Top Sub-Category Inflows (by $) – Month

  Sub-Category Inflow Value
International Equities – US $922,926,478
International Equities – Developed World $554,725,073
Australian Equities – Broad $487,291,047
Australian Bonds $411,423,778
International Equities – Sector $174,225,048

Top Sub-Category Outflows (by $) – Month

  Sub-Category Inflow Value
Gold -$86,573,065
International Equities – Europe -$48,812,983
International Equities – Asia -$40,159,518
Australian Equities – Short -$32,271,598
Fixed Income – E&R – ESG Lite -$25,316,613

Performance

Top Performing Products – Month

  Ticker Product Name Performance (%)
CRYP Betashares Crypto Innovators ETF 42.4%
EETH Global X 21Shares Ethereum ETF 42%
BTXX DigitalX Bitcoin ETF 39.8%
EBTC Global X 21Shares Bitcoin ETF 39.8%
VBTC VanEck Bitcoin ETF 39.6%

This article mentions the following funds

Photo of Matthew Reeves

Written By

Matthew Reeves
Head of Product – Funds
Matt is our Head of Product – Funds, responsible for funds product strategy, delivery and execution. Matt has been with Betashares for over 9 years, previously in legal, risk and compliance roles. He holds a Bachelor of Business from Royal Melbourne Institute of Technology and a Bachelor of Laws from University of New England. Read more from Matthew.
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2 comments on this

  1. THOMAS  /  5 January 2025

    IF I BUY CQQQ-NDQ FROM BETASHARE DO I HAVE TO FILL IN BEN FORM

    1. Dina Elmorsy  /  24 January 2025

      Hey Thomas, CQQQ isn’t available on our investing platform, Betashares Direct, as we only offer ASX listed ETFs and shares.
      Thanks,
      Betashares Customer Support Team.

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