The Australian exchange traded fund industry hit a new all-time high in August of $23.6 billion in funds under management (FUM). The industry gained a modest 1% (or $220 million) in FUM, building on the positive growth from July, which had marked the previous record.
Market Size & Growth
- ASX Exchange Traded Funds Market Cap: $23.6B – New all-time record
- Market cap growth for month: +0.9%, +$219.9m
- Market cap growth for last twelve months: 22.5%, +$4.4B
New Money
- New unit growth for month (units outstanding by number): +4.5%
- Net new money (units outstanding by $ value): +$280.1m
Comment: In a month where global markets either dipped or went sideways, 100% of the industry’s growth was attributable to net inflows (i.e. as opposed to asset growth)
Products
- 184 Exchange Traded Products trading on the ASX
- 5 new products launched this month
Comment: We added three new funds to our BetaShares Global Sector Series- BetaShares Global Banks ETF – Currency Hedged (BNKS), BetaShares Global Agriculture ETF – Currency Hedged (FOOD), BetaShares Global Healthcare ETF – (DRUG). In addition Australia’s first actively managed multi-asset exchange traded product was launched, AMP Capital’s DMKT which was followed by another multi-asset product from a new exchange traded issuer, fund manager Schroders.
Trading Value
Average trading value increased 12% month on month
Performance
Best performers this month were Asian Equities, Japanese Equities – Currency Hedged (via HJPN), and Oil (via OOO).
Top 5 category inflows (by $) – August 2016
Category | Inflow Value | |
International Equities | $139,219,235 | |
Fixed Income | $82,826,036 | |
Australian Equities | $51,051,521 | |
Commodities | $24,885,937 | |
Short | $22,848,573 |
Top category outflows (by $) – August 2016
Category | Outflow Value | |
Cash | ($71,074,556) | |