ETFs hit new $198.3b high
Exchange Traded Funds (ETFs) returned to growth in May on the back of strong inflows and a positive share market performance, according to the latest Betashares Australian ETF Review.
The 1.7% increase in May followed a small decline recorded in April, with the total market cap increasing by $3.3 billion bringing total industry assets to a new high of $198.3 billion.
The Betashares analysis said industry flows continued their long running positive streak – with a robust $2 billion of net flows recorded for the month, the highest level of monthly inflows so far in 2024.
It said the net inflows represented ~2/3 of the monthly growth, with the remainder coming from market appreciation.
Over the last 12 months the Australian ETF industry has grown by 34.5%, or $50.9 billion.
Don't forget their ASIC levy & CSLR levy!
Lets see what happens now that Australian Super have blown up $1.1 Bn - Compare the Pair !
This is exactly as the government want things; their plan is going perfectly. Give it a decade and there will…
Wow this is tone deaf
Ha ha how correct and funny Who would want to get into this mess