Share market volatility led to an all time record month of trading in the Australian exchange traded fund industry during August.
Average trading value increased 23% to hit a record high of $2.3 billion throughout August. Structural growth of the industry also continued throughout the month, with net inflows recorded of $330 million, even as markets globally experienced declines.
- ASX Exchange Traded Funds Market Cap: $19.0B
- Market cap growth for month: -3.8%, -$703.4m
- Market cap growth for last twelve months: +51.3%, +$6.5B
Comment: While the overall industry experienced a decline in funds under management by 3.8%, to $19.0B down from $19.7B in July this can be attributed to market decline rather than fund outflows. In fact net inflows were positive indicating that overall industry growth was structurally still positive
- New unit growth for month (units outstanding by number): +4.8%
- Net new money (units outstanding by $ value): +$329.1m
- 142 Exchange Traded Products are now trading on the ASX
- 3 new products launched– BetaShares U.S. Equities Strong Bear Hedge Fund – Currency Hedged (BBUS), BetaShares Geared U.S. Equity Fund – Currency Hedged (hedge fund) (GGUS), & Magellan Global Equities Fund (Currency Hedged) (MHG)
Average trading value increased 23% month on month to hit a new record high of $2.3B in traded value for the month
The best performing products this month were:
- BetaShares Australian Equities Strong Bear Hedge Fund (BBOZ) rising 19% and
- BetaShares Australian Equities Bear Hedge Fund (BEAR) rising 8.4% this month
Top 5 category inflows (by $) – August
|International Equities – Developed||$83,036,508|
|International Equities – Global||$71,477,593|
|Aus. Equities – Broad||$64,656,564|
|Aus. High Yield||$50,729,789|
Comment: Australian and international equities were the dominant product categories for inflows, with particularly strong flows into broad global exposures.
Top category outflows (by $) – August
|International Equities – Emerging Markets||($23,806,149)|
Comment: Net outflow activity by category was low throughout August, and largely confined to outflows in emerging markets equities.