Originally published by BetaShares
Records broken again as industry continues to expand
The Australian ETF industry had a very strong month of growth, with new assets taking the industry to a fresh record high. Total industry FuM at the end of March was $27.4B, a growth of 4.8% or $1.2B. The majority of the growth (60%) came from new money inflows. Substantial trading activity was recorded with the industry also reaching a record high in trading value ($2.0B)
Market Cap
- ASX Exchange Traded Funds Market Cap: $27.4B – New record high
- Market cap growth for month: +4.8%, + $1260.9m
- Market cap growth for last twelve months: 28.4%, +$6.1B
Comment: This month was a ‘big one’ for the industry, with growth well north of $1B for the month. It was a ‘double whammy’ where both asset gains were recorded as well as substantial net net inflows into the industry.
New Money
- New unit growth for month (units outstanding by number): 2.9%
- Net new money (units outstanding by $ value): +$781.9m
Products
- 202 Exchange Traded Products trading on the ASX
- No new products launched this month
Trading Value
- Average trading value up 27% from February, to reach a new record high for value traded ($2.6B)
Performance
- Best performers this month were European equities exposures and the BetaShares Geared U.S. Equities Fund – Currency Hedged (hedge fund).
