Betashares Australian ETF Review: April 2023
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April 2023 Review: Investor flows push industry to a new high, even as markets decline
The strong rise in global sharemarkets together with continued investor flows allowed the Australian ETF industry to once again set a new all-time high in funds under management (FuM). Read on for details, including best performers, asset flow categories and more.
Exchanged Traded Funds Market cap
- Australian Exchange Traded Funds Market Cap(ASX + CBOE): $146.0B – new all time high
- ASX CHESS Market Cap: $131.0B1
- Market cap increase for month: 2.4%, $3.4B
- Market cap growth for last 12 months: 9.4%, $12.5B
Comment: The Australian ETF Industry’s FuM grew by 2.0% month-on-month, for a total monthly market cap increase of $2.8B. Industry funds under management ended the month at $142.6B, a new record high.
- Net inflows for month: +$0.8B
Comment: The growth this month came primarily from asset value appreciation, although investor flows remained positive, at $0.7B (25% of the monthly growth).
- 329 Exchange Traded Products trading on the ASX
- 2 new products launched this month, being Australian shares and fixed income ETFs, both from Global X
- ASX ETF trading value decreased for a full 42% for the month, for a total of $6.5B, the lowest level for over 2 years.
Comment: Over the last 12 months, we’ve seen the industry grow in size, albeit at a far slower pace than previous years – with an increase of 5.3% year on year, or $7.2B
The best performing products in April were Physical Platinum and our Crypto Innovators ETF (ASX: CRYP) both of which returned ~10% for the month
Top 5 category inflows (by $) – April 2023
|Broad Category||Inflow Value|
Top category outflows (by $) – April 2023
Comment: Fixed Income exposures lead the way in terms of flows with the category recording the highest level of net flows this month ($350m) and also in the year to date. Broad Australian equities products also continued to receive flows, as has been the case for the year more broadly.
Top sub-category inflows (by $) – April 2023
|Australian Equities – Broad||$203,326,378|
|Australian Equities – – E&R – ESG Lite||$56,148,860|
Top sub-category outflows (by $) – April 2023
|International Equities – Developed World||($141,053,073)|
|International Equities – Sector||($39,171,525)|
|Australian Equities – E&R – Ethical||($36,445,813)|
|Australian Equities – Geared||($22,147,067)|
*Past performance is not an indicator of future performance.
Investor & founder with a Financial Services & Fintech focus. Co-founder of Betashares. Passionate about entrepreneurship and startups.Read more from Ilan.