The Australian exchange traded fund industry once again hit an all-time high for funds under management in September, building on positive growth recorded for the last few months. The industry ended the month at $24.1B, which included strong growth of approx. $530m for the month (2% growth). This month’s result was particularly strong when considering that the Australian sharemarket was flat and that global sharemarkets fell.
Market Size & Growth
- ASX Exchange Traded Funds Market Cap: $24.1B – New all-time record
- Market cap growth for month: +2.3%, +$529.5m
- Market cap growth for last twelve months: 24.7%, +$4.8B
New Money
- New unit growth for month (units outstanding by number): +2.5%
- Net new money (units outstanding by $ value): +$580.9m
Products
- 184 Exchange Traded Products trading on the ASX
- 1 new product launched this month
Comment: This month saw the launch of a single new fund, BetaShares Global Cybersecurity ETF (ASX:HACK)
Trading Value
- Average trading value remained flat vs. last month
Performance
- Best performers this month were Crude Oil (via ASX: OOO), Resources (via ASX: QRE and ASX: OZR), and Agricultural Commodities (via ASX: QAG).
