Aussie ETF FUM set new record in July

The Australian exchange traded fund (ETF) industry saw funds under management (FUM) grow to $153.5 billion, setting a new record, helped by robust investor flows combined with market appreciation.

According to Betashares Australian ETF Review, investor inflows exceeded $1 billion of net inflows recorded in July, representing an approximately 30% growth for the industry during the month.

By comparison, over the last 12 months the industry grew by 17.9% year on year, or $23.3 billion.

Australian fixed income exposures led the way in terms of flows, which was “very much in line with the year to date”, and this category recorded the highest level of net flows this month to $557 million.

However, for the first time in the calendar year, international equities exposures also attracted strong net inflows and recorded their first meaningful monthly inflow as a category since the beginning of the year ($497 million), as investors sought out global growth exposures.

As far as new products were concerned, after a busy period of product launches, the industry took a breather with just a single fund launched in July, a futures based broad commodities exposure from Global X.

ASX ETF trading value remained strong, recording similar levels to last month with $10.3 billion of value traded.