Betashares Australian ETF Review: August 2023

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August 2023 Review: Strongest inflows for 12 months drive industry to record high

The strongest monthly inflows of the last 12 months drove the Australian ETF industry to a new all-time high in assets under management as at the end of August

Exchanged Traded Funds Market Cap
• Australian Exchange Traded Funds Market Cap (ASX + CBOE): $156.1B – new all time high
• ASX CHESS Market Cap: $140.8B1
• Market Cap increase for month: 1.6%, $2.5B
• Market Cap growth for last 12 months: 20.1%, $26.1B

New Money
• Net inflows for month: $2.2B – highest inflows for 2023 to date, and within the last 12 months

342 Exchange Traded Products trading on the ASX & CBOE
Three new ETFs launched: 2 Active ETFs from JP Morgan (Fixed Income and Emerging Markets), 1 new Active ETF from IML (Australian Shares) and a new US equities product from Global X
1 XTB single bond exposure was closed

Trading Value
• ASX ETF trading value grew 8% month on month, with ASX trading value rising above $11.B for the first time in 15 months with the 5th highest monthly value traded on record


URNM Global Uranium ETF was the best performing product this month, rising ~15% as a result of a significant volume of long-term uranium purchase contracts being signed combined with concerns over disruptions to supply

Source: ASX, CBOE

Top 5 category inflows (by $) – August 2023

Broad Category Inflow Value
Australian Equities $1,118,843,997
Fixed Income $612,531,802
Cash $212,099,899
Short $110,801,488
International Equities $74,042,451


Comment: In a departure from previous months, this month we saw the top category for inflows being broad Australian equities ETFs which, at $1.1B, represented a 50% of the total months inflows. Australian Fixed Income exposures also continued to be popular with investors ($612m), and even at position 2 for this month, received higher flows than the month before.

Source: ASX, CBOE

Top sub-category inflows (by $) – August 2023


Sub-category Inflow Value
Australian Equities – Broad $1,007,290,322
Australian Bonds $420,779,978
International Equities – Developed World $246,616,915
Cash $212,099,899
Global Bonds $183,307,908

Top sub-category outflows (by $) – August 2023

Sub-Category Inflow Value
International Equities – Europe ($180,250,890)
International Equities – Sector ($96,136,177)
International Equities – Asia ($43,957,545)
International Equities – Emerging Markets ($28,718,059)
US Equities – Short ($24,570,040)

Comment: There were very little outflows at a category or sub-category level this month, with ETF investors largely choosing to hold or add to their positions, in aggregate.

*Past performance is not an indicator of future performance.

1. Since February 2023, the ASX started reporting additional data on a CHESS-only basis. The primary use of such data is that it excludes, amongst other things, the FuM and Flows in ‘dual class’ Active ETFs and potentially provide a more accurate picture of exchange traded activity.

This article mentions the following funds

Photo of Ilan Israelstam

Written by

Ilan Israelstam

Chief Commercial Officer

Investor & founder with a Financial Services & Fintech focus. Co-founder of Betashares. Passionate about entrepreneurship and startups.

Read more from Ilan.


1 comment on this

  1. Graeme Chapman  /  19 December 2023

    Looking for your “best” Aust minerals ETF.
    Pls help.
    Currently holding several Beta, eg ACDC, past dip Fin Planner, aged 87yrs.

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