The Australian ETF sector received almost $3 billion in flows during July as investors increased their interest in international equities trading in particular, according to new figures. The Betashare
“With strong sharemarket performance as a tail-wind we saw industry funds under management increase rapidly,” it said.
“We saw Australian ETF industry growth of 22% for the half, to end the financial year at $115.7 billion, an all-time high.
“Industry FUM grew ~$20 billion in the first half of the year, just under half of which came from net flows, and the remainder from asset value appreciation.”
This led BetaShares to upgrade its annual forecast as it felt it had previously “been too conservative” in its earlier forecasts.
“At the end of 2020 (when the industry was $95 billion) we forecast the industry to end 2021 at $110 billion to $120 billion,” it said.