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ETF industry adds $437m in September

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Despite considerable market volatility throughout September, the Australian exchange traded fund (ETF) industry experienced positive net inflows over the month, says BetaShares.

According to BetaShares Australian ETF Review – September 2015, structural growth of the ETF industry continued with inflows of $437 million in September.

BetaShares managing director Alex Vynokur said: “Global market volatility was not enough to dampen the appetite for exchange traded products in September.”

“The positive net inflows means Australian investors are increasingly using these products to mitigate against falling markets, in addition to taking advantage of rising markets.”

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However, while there were positive net inflows, BetaShares reported that average trading value decreased 22 per cent month-on-month.

Net outflow activity by category was low and confined to commodities, with the ETF industry finishing the month at $19.2 billion.

The report indicated that one new product was launched in September, taking the total number of new products launched this year to 42, compared with 12 new products launched in 2014.