Originally published by BetaShares
Industry starts the year slowly, product development continues
The ETF industry took a rare pause in its growth trajectory in the first month in 2017, with the industry ending the month at $25.2 B – slightly down on the industry’s record level set in December. Total funds under management reduced $521m although virtually all of this was related to market movements (rather than results of net outflows).
Market Cap
- ASX Exchange Traded Funds Market Cap: $25.2B – slightly down on record from December
- Market cap growth for month: -2.0%, -$521.3m
- Market cap growth for last twelve months: 23.5%, +$4.8B
New Money
- New unit growth for month (units outstanding by number): 0.5%
- Net new money (units outstanding by $ value): -$30.2m
Products
- 201 Exchange Traded Products trading on the ASX
Comment: Three new products launched this month, BetaShares Global Sustainability Leaders ETF, BetaShares Strong Australian Dollar Fund (hedge fund) and the BetaShares Strong US Dollar Fund (hedge fund).
Trading Value
- Average trading value remained stable vs last month
Performance
- Best performers this month were BetaShares Global Gold Miners ETF (NYSE:GDX) (currency hedged), and VanEck Vectors Gold Miners ETF.