This represented a growth in assets of $468 million, including an inflow of $256 million of net money into the market.
International developed market equities received a majority of inflows this month, particularly those products with an exposure to the United States and Europe.
There were also strong trends towards yield, with equity yield products and the high interest cash ETF falling within the top ten products for inflows.
BetaShares managing director, Alex Vynokur, said this month’s inflows indicated investor sentiment had improved towards global equities, with the US market rallying following the resolution of the government shutdown, and with European markets also recording moderate gains.
Sentiment has also improved towards the local market and the Australian dollar, with the BEAR fund, which generally rises when the market falls, experiencing net redemptions for the first time since 2013.
Financial sector ETFs experienced strong performance in terms of returns, with the BetaShares Financial Sector ETF ranked as the best performing product for the month.
“With the Australian banks recording a solid reporting season in October, it wasn’t surprising to see financials ETFs perform strongly as investors continue to back bank stocks,” said Mr Vynokur.
There were outflows from the US dollar and Euro currency ETFs, however, as investors shifted from foreign currency exposures to foreign equity market exposures again.
Mr Vynokur said that with two months to go to the end of the year, he expected the ETF industry to reach its $10 billion milestone.
“An increasing number of investors are continuing to embrace ETFs for a wide variety of investment strategies and uses,” he said.
