Industry returns to growth, aided by strong markets
After last month’s rare industry dip, the Australian ETF industry returned to its growing ways this month, aided by strong performance in both global and Australian sharemarkets – reaching a record high in FuM of $37.9B. Read on for details of the month in ETFs.
Market cap
- ASX Exchange Traded Funds Market Cap: $37.9B – New Record High
- Market cap growth for month: +3.6%, $1, 307m
- Market cap growth for the last 12 months: 34%,+ $9.6B
New money
- New unit growth for month (units outstanding by number): 1.0%
- Net new money (units outstanding by $ value): +$230.9m
Comment: Despite the industry growing a significant 3.6% for the month ($1.3B), net new money for the industry was actually relatively low at $231m, with the bulk (85%) of the industry growth coming from asset appreciation rather than net inflows.
Products
- 232 Exchange Traded Products trading on the ASX
- 3 new products launched this month, two multi-factor Active ETFs by Vanguard and an Emerging Markets ETF by VanEck
Trading value
- Average trading value down 8% month on month
Performance
Comment: With all major sharemarkets performing strongly this month, it was Resources/Energy exposures that performed the strongest. QRE also received the highest level of inflows in the industry this month.
Top 5 category inflows (by $) – April
| Category |
|
Inflow Value |
| International Equities |
|
$ 130,703,658 |
| Fixed Income |
$ 70,479, 102 |
| Australian Equities |
|
$ 48,980, 811 |
| Multi-Asset |
|
$ 18,446, 845 |
| Currency |
$ 12,624, 116 |
Top category outflows (by $) – April
| Category |
|
Inflow Value |
| Cash |
|
$ 32, 779, 672 |
| Australian Listed Property |
$ 21, 590, 302 |
| Short |
|
$ 6, 182, 835 |
|
|
|
Top sub-category outflows (by $) – April
| Category |
|
Outflow Value |
| Australian Equities – Broad |
|
($ 95, 790, 426) |
| Cash |
($ 32, 779, 672) |
| Australian Listed Property |
|
($ 21, 590, 302) |
| International Equities – Sector |
|
($ 5, 368, 979) |
| Australian Equities – Short |
|
($ 4, 560, 465) |
|
|
|
Top sub-category inflows (by $) – April
| Category |
|
Inflow Value |
| International Equities – Developed World |
|
$ 108,539,769 |
| Australian Equities – Resources Sector |
$ 68,389,160 |
| Australian Bonds |
|
$ 64,873,761 |
| Australian Equities – Ethical |
|
$ 32,279,555 |
| Australian Equities – High Yield |
$ 18,800,441 |
Top sub-category Outflows (by $) – April
| Category |
|
Inflow Value |
| Australian Equities – Broad |
|
$ 95,790,426 |
| Cash |
$ 32,779,682 |
| Australian Listed Property |
|
$ 21,590,302 |
| International Equities – Sector |
|
$ 5,368,979 |
| Australian Equities – Short |
$ 4,560,465 |
Australian (16)
International (26)
Global
Regional / Country
Sector
Currency Hedged
Cash & Fixed Income (7)
Diversified (4)
Hybrids (1)
Equity Income (6)
Technology (7)
Ethical (7)
Geared (6)
Short (3)
Property (2)
Commodity (4)
Currency (5)
Managed Risk (3)
Active (8)
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