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BetaShares reports net inflows raise Aussie ETFs to new record high

BetaShares reports net inflows raise Aussie ETFs to new record high

BetaShares reports that positive net inflows in July raised the Australian ETF industry assets by 2.3 per cent (or AUD688.4 million), to a new record high of AUD30.1 billion.
In a month where the Australian share market was flat, BetaShares reports that 100 per cent of the growth in assets came from net inflows, rather than asset appreciation. 

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Aussie ETFs hit new record high

Aussie ETFs hit new record high

News from Sydney reveals that despite declines in the broader Australian market, net inflows lifted the Australian ETF industry by 2.6 per cent (or AUD733.7 million) to hit a new record high of AUD29 billion in funds under management, according to the BetaShares Australian ETF Review – May 2017.