BetaShares Australian ETF Review – January 2013
The Australian exchange traded fund market is edging towards $7 billion in assets under management in what has been a great start to the year for the industry. The industry hit a new record high of $6.8 billion as at the end of January 2013 according to BetaShares’ Australian ETF Review for January.
January represents the fourth month in a row the industry has achieved record highs with 5.9% market capitalisation growth and new inflows of approximately $110 million for the month. The best exchange traded products by performance for the month were platinum followed by US and global international equities products.
As well as the positive inflow activity, this month also saw exchange traded fund trading values up 12%, reinforcing the increasing levels of market conviction by investors. Another indicator of increasing investor risk appetite was that all exchange traded funds in the top 10 by net inflows were equities based, the first time ever for the BetaShares Australian ETF Review.
With a positive start to the year, the industry is well on track to reach $7 billion in assets under management by the end of February and could well reach $9 billion by the end of 2013 as predicted by BetaShares.