In their Australian ETF Review for the month ending April 2013, they found that the ETF industry now has $7.41 billion in assets under management, the seventh consecutive month of growth.
“Considering the cautious undertone exhibited by investors, the growth in the Australian exchange traded fund industry has been healthy, expanding by $1 billion in assets under management since the beginning of the year,” said Alex Vynokur, managing director of BetaShares.
The industry had strong investor interest with $85 million of net inflows to ETFs for the month.
“As this growth trajectory continues, we expect exchange traded funds to continue to be more widely adopted by a broad range of investors,” Mr Vynokur said.
ETFs also gained strongly through capital growth, adding $280 million.
Although most funds showed strong inflows, the exception were gold ETFs.
Yield was popular among investors in April with just under half of new investor inflows to ETFs preferring equity income yielding strategies.
The best performing ETF products on the Australian Securities Exchange (ASX) were the Japanese, followed by those with a financial sector focus.
