Originally published by BetaShares
Positive inflows not enough to stop industry dip
With both Australian and global equity markets falling significantly for the second month in a row, continued positive net inflows were not sufficient to stop the industry from declining –ending a 13 month run of positive growth. Net new money for the industry was positive at $481m, but due to the extent of asset depreciation the industry actually fell in value. Read on for details of the month in ETFs.
Market cap
- ASX Exchange Traded Funds Market Cap: $36.6B
- Market cap growth for month: -0.8%, -$288.0m
- Market cap growth for the last 12 months: 33.6%, +$9.2B
New money
- New unit growth for month (units outstanding by number): 1.7%
- Net new money (units outstanding by $ value): +$481.2m
Comment: The second month of market declines put a stop to 13 months of uninterrupted growth in the industry. Actual cash inflows remained positive and were at approximately the same level as last month but the falls caused assets to decline, causing an overall negative result in industry FuM.
Products
- 229 Exchange Traded Products trading on the ASX
- 1 new product launched this month, a Global Ethical ETF by VanEck
Trading value
- Average trading value down 21% month on month after last month’s near record level
Top 5 category inflows (by $) – March
Top category outflows (by $) – March
Top sub-category inflows (by $) – March
Top sub-category outflows (by $) – March
