Investor flows have pushed the ETF industry to a new high even as markets decline according to the latest ETF review from Betashares.
In February 2023, the Australian ETF Industry funds under management growth was 0.9% month-on-month for a total monthly market cap increase of $1.3 billion.
A new all-time high Australian ETF market cap (ASX + CBOE) of $139.7 billion was reached. Market cap growth for the last 12 months was 7.4% or $9.7. billion.
According to Betashares: “Notwithstanding falling sharemarkets investors continued to allocate to ETFs, with net inflows causing the industry to once again set a new all-time high in funds under management.”
Inflows to fixed income ETFs were just marginally lower than to Australian equities – $370m to $375m.
“Unlike January, this month we saw considerable interest in broad market Australian equities ETFs ($375m inflows), with investors seemingly taking the view that the ‘lucky country’ remains in a better position economically than other developed global markets. Fixed income exposures continue to remain popular receiving $370m of net flows.”
Top 5 category inflows (by $) – February 2023
Broad Category |
Inflow Value |
| Australian Equities | $375,829,518 |
| Fixed Income | $370,424,766 |
| International Equities | $71,242,183 |
| Short | $28,663,192 |
| Listed Property | $25,880,628 |
