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Australian ETF market hits all-time high in November

The Australian exchange-traded fund industry continued its upward trend reaching AUD6.3bn in assets under management, an all-time industry high, at the end of November 2012, according to BetaShares’ Australian ETF Review for November.


It is the second month in a row the industry has notched up a record high, recording three per cent month-on-month growth and AUD73m of net inflows.

The best products by performance for the month were palladium and non-precious metal products, whereas listed property trust ETFs, followed by financial sector ETFs, continue to be the top performers for the year to date.

“The flows of money for the month indicate investors continued to avoid growth oriented investments preferring defensive allocations such as gold, in both currency hedged and unhedged form, as well as high yield products,” says Drew Corbett, head of investment strategy at BetaShares.

“The High Interest Cash ETF continued to attract new money and has reached over AUD120m in funds under management since its launch approximately nine months ago.

“What we’ve seen from investors this month is demand for safer and high yielding investments suggesting they were more cautious about their allocation decisions in November. As markets remain volatile and interest rates continue to fall, we expect investors to chase yields through exchange traded products into 2013.”

In line with the income theme, a new managed fund, the Equity Yield Maximiser Fund, was launched on the ASX this month bringing the total number of exchange-traded products to 84.

“It has been a tough year for the funds management industry but we are seeing exchange traded products continue to gain momentum with investors with growth in assets under management of 23 per cent over the last 12 months,” says Corbett.

The etfexpress Awards 2013 for the top ETF product and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm. 

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