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JULY 2021: INDUSTRY INFLOW RECORD BROKEN – $2.8B FOR THE MONTH
The Australian ETF industry broke its all-time record for inflows, receiving $2.8B and accounting for virtually all the growth in the industry this month. Read on for more details, including best performers, asset flow categories and more.
Australian ETP Market Cap: August 2001 – July 2021
Source: ASX, Chi-X, BetaShares.
- ASX Exchange Traded Product market cap: $118.8B1 – all time end-of-month high
- Market cap change for month: 2.6%, $3.1B
- Market cap growth for the last 12 months: 76.9%, + $51.6B – fastest yearly growth ($ terms) on record
Comment: The industry ended July 2021 at a fresh all-time high of $118.8B total market cap, growing by ~2.6% month on month (+$3.1B). Industry growth over the last 12 months has been 77%, representing absolute growth of $51.6B over this period – the highest $ value increase over 12 months in the industry’s history.
1. Includes total FuM for ETFs trading on both ASX and Chi-X
- Net new money for month (units outstanding by $ value): +$2.8B – all time high (previous record $2.7B in December 2020)
Comment: The inflows beat the previous record of $2.7B set in December 2020, and represented almost all (90%) of the industry’s growth this month with the remaining 10% coming from asset value appreciation.
- 267 Exchange Traded Products trading on the ASX and Chi-X.
Comment: No new funds launched this month, 1 fund closed (Cash ETF from eInvest).
- ASX ETF trading value increased ~17% vs. the previous month >$8B traded for the month.
Comment: Monthly trading value remained high, increasing 17% month on month, with over $8B of trading activity recorded on the ASX for the month.
- Best performance this month was in healthcare exposures, followed by Cybersecurity and Australian Resources ETFs.
Top 5 category inflows (by $) – July 2021
Comment: International equities products continued to drive the majority of industry growth with over $1.6B of assets flowing into this category representing ~4x the amount of flows into the next biggest category (Australian equities).
Top 5 category outflows (by $) – July 2021
Source: Bloomberg, BetaShares.
Top sub-category inflows (by $) – July 2021
|International Equities – Developed World||$584,902,475|
|International Equities – Broad||$398,004,287|
|International Equities – US||$370,333,810|
|International Equities – Sector||$299,856,944|
Top sub-category outflows (by $) – July 2021
|Australian Equities – Sector||($27,458,530)|
|Australian Equities – Geared||($6,526,260)|
|Australian Equities – Large Cap||($2,925,564)|
Comment: With 7 months of the year completed, ETF issuer flows are extremely concentrated with the two (out of 31) largest issuers for flows this year (Vanguard and BetaShares) representing 65% of total industry flows..