The growth of the Australian ETF industry has continued into the new financial year, driven by large inflows into international equities, according to Aussie ETF provider BetaShares.
The Perth Mint, Australia’s largest precious metals refining, minting and depository enterprise, has launched the Perth Mint Physical Gold ETF (NYSE: Arca: AAAU) on the New York Stock Exchange (NYSE).
Loncar China BioPharma ETF (Nasdaq: CHNA) has launched on the Nasdaq in the US. Loncar writes that the CHNA ETF seeks to give investors access to China’s rapidly-developing biopharmaceutical industry.
China focused ETF provider Krane Funds Advisors reports that its flagship KraneShares CSI China Internet ETF (NYSE: KWEB) achieved an annualised five-year return of 18.14 per cent and a cumulative five-year return of 130.26 per cent as of July 31, 2018. During the same time period the S&P 500 Index returned 13.11 per cent annualised and 85.18 per cent cumulative.
Aussie-based Contango Asset Management and Californian-based WCM Investment Management have jointly launched an ETMF (an exchange traded managed fund) the WCM Quality Global Growth Fund for Australian investors which gives them exposure to stocks such as Shopify, the e-commerce platform which powered the launch of Kylie Jenner’s makeup line.
ETF data provider ETFGI reports that assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) decreased to USD176 billion at the end of June 2018.
ETF data provider ETFGI reports that assets invested in ETFs and ETPs listed in Japan reached a record high of USD312 billion at the end of June 2018, surpassing the previous record of USD311 billion set at the end of May 2018.
Australia’s ETF industry powered through another month of growth, finishing the first half of the year at a new record high of AUD39.2 billion in funds under management, according to the BetaShares 2018 Australian ETF Half Year Review.
Solactive USD China Corporate High Yield Bond Index will be used as an underlying for the new KraneShares China Junk Bond ETF.
Aussie ETF provider BetaShares has appointed Dan Annan to the newly-created role of Director – Institutional Business.