Powered by MOMENTUM MEDIA
lawyers weekly logo

Exchange-traded product market hits $24bn

  •  
By Killian Plastow
  •  
4 minute read

Funds under management for Australia’s ETP market reached $24.1 billion in September, up from $23.4 billion in August, data from the ASX has shown.

The volume of ETP transactions made during the last month was also up, with the number of transactions made rising 7529 from August to reach 68,982 in September.

According to ETF manager BetaShares, the total funds under management for September marks a new record high for the industry, reporting $580 million in inflows and increasing funds under management by 2 per cent.

“Over the course of the month, the local share market remained flat and global share markets fell. As such, all of growth can be attributed to new money rather than asset value growth, making the month’s industry growth all the more impressive,” the company said.

BetaShares commented that broad Australian equities received the highest flows for the month, adding that best performing exposures were all related to the commodities and resources sectors.

“This month saw Australian investors continue to add local exposures to their portfolios. Australian fixed income, in particular, is a category which has really broken out from a growth perspective in 2016,”said BetaShares managing director Alex Vynokur.

Read more:

ASX updates cash equities code of practice

Life insurance claims data to be made public

CBA names new chair

No compulsion on retirement income: O'Dwyer

House price crash 'unlikely': AMP Capital

Comments (0)

    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is 10MB. Only gif,jpg,png files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as