Aussie ETF industry set to eclipse yearly flows record: Betashares

Betashares’ latest monthly Australian Exchange Traded Fund (ETF) Review for September has signalled the ETF industry is poised to surpass its previous year’s net flows record of $23.2 billion.

Having already reached net flows of $20.5 billion year to date to September, Betashares is projecting that the previous record of $23.2 billion set in 2021 could “likely” be exceeded.

Other records were also set for the month of September, with total market cap on the Australian Securities Exchange (ASX) and CBOE growing by $6.7 billion or three per cent to an all-time high of $226.9 billion. In the last 12 months, the industry has swelled by 45.4 per cent or $70.8 billion.

Net inflows for the month also stood at $2.8 billion.

Two of Vanguard’s funds topped the list of products by market cap, with the Vanguard Australian Shares Index ETF accounting for $16.8 billion and the Vanguard MSCI Index International Shares ETF accounting for almost half at $8.9 billion.

International equities products continued their popular run with another month at the top by inflows, with approximately $1.59 billion – more than triple the $495.6 million recorded for fixed income and the $331.3 million recorded for Australian equities.

According to Betashares’ report, the VanEck China New Economy ETF (CNEW) was the top performing fund at 21.4 per cent, followed by iShares FTSE China Large-Cap ETF (20.1 per cent) and VanEck ChinaAMC A-Share ETF (18.4 per cent).