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ETF assets reach new record as Industry returns to growth footing
- A combination of strong inflows and positive sharemarket performance helped the Australian ETF Industry to a fresh new high during May.
- May saw ETF industry assets return to growth, after recording a small decline in April. The Industry rose by 1.7% for the month, with total market cap increasing by $3.3B. Total industry assets now stand at $198.3B – a new all-time record high.
- Industry flows continued their long running positive streak – with a robust $2B of net flows recorded for the month, the highest level of monthly inflows so far in 2024. The net inflows represented ~2/3 of the monthly growth, with the remainder coming from market appreciation
- ASX trading value was ~$11B for the month, a number consistent with what was achieved in April.
- Over the last 12 months the Australian ETF industry has grown by 34.5%, or $50.9B.
- In terms of product launches, there were 7 new funds launched in May, including a new BSUB Australian Major Bank Subordinated Debt ETF and new Active ETFs launched by Fidelity and Macquarie Asset Management.
- The best performing ETF this month was an Ethereum exposure, as well as a ETFs providing exposure to alternative energy sources.
- Continuing the ongoing trend which started at the end of 2023, May saw International Equities products dominate in terms of the composition of net inflows ($939 million). Australian equities remained in 2nd position for flows, followed by fixed income in 3rd spot.
- Outflows were limited to very small amounts in Cash and Short funds.
Australian ETF Industry AuM: July 2001 – May 2024
CAGR: Compound Annual Growth Rate. Source: ASX, CBOE
Market Cap
- Australian Exchange Traded Funds Market Cap (ASX + CBOE): $198.3B
- ASX CHESS Market Cap: $168.9B1
- Market Cap change for April: 1.7%, $3.3B
- Market cap growth for last 12 months: 34.5%, $50.8B
New Money
- Net inflows for month: $2.0B
Products
- 377 Exchange Traded Products trading on the ASX & CBOE
- 7 new funds launched last month, including our new Major Bank Tier 2 Subordinated Debt ETF and new Active ETFs launched by Fidelity and Macquarie Asset Management.
Trading Value
- ASX trading value was ~$11B for the month, a number consistent with what was achieved in April.
Performance
- The best performing ETF this month was an Ethereum exposure, as well as a ETFs providing exposure to alternative energy sources.
Industry Net Flows
Top Category Inflows (by $) – Month
| Broad Category | Inflow Value |
| International Equities | $939,672,309 |
| Australian Equities | $628,255,096 |
| Fixed Income | $455,407,541 |
| Multi-Asset | $50,764,732 |
| Listed Property | $18,201,536 |
Top Category Outflows (by $) – Month
| Broad Category | Inflow Value |
| Cash | ($81,523,800) |
| Short | ($12,767,994) |
Top Sub-Category Inflows (by $) – Month
| Sub-category | Inflow Value |
| Australian Equities – Broad | $696,565,345 |
| International Equities – Developed World | $508,432,418 |
| International Equities – US | $388,035,019 |
| Australian Bonds | $324,608,529 |
| Global Bonds | $89,099,715 |
Top Sub-Category Outflows (by $) – Month
| Sub-category | Inflow Value |
| Australian Equities – E&R – Ethical | ($262,083,409) |
| International Equities – E&R – Ethical | ($172,476,349) |
| Cash | ($81,523,800) |
| US Equities – Short | ($8,993,835) |
| Australian Equities – Short | ($3,774,159) |
Performance
Top Performing Products – Month
| Ticker | Product Name | Performance (%) |
| EETH | Global X 21Shares Ethereum ETF | 22.0% |
| HGEN | Global X Hydrogen ETF | 19.1% |
| ETPMAG | Global X Physical Silver | 14.5% |
| LNAS | Global X Ultra Long Nasdaq 100 Hedge Fund | 13.7% |
| CLNE | VanEck Global Clean Energy ETF | 12.9% |
Footnotes:
1. Since February 2023, the ASX started reporting additional data on a CHESS-only basis. The primary use of such data is that it will exclude, amongst other things, the FuM and Flows in ‘dual class’ Active ETFs and potentially provide a more accurate picture of exchange traded activity. ↑
Investor & founder with a Financial Services & Fintech focus. Co-founder of Betashares. Passionate about entrepreneurship and startups.
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