Betashares Australian ETF Review: October 2024
Matthew Reeves
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Australian ETF industry continues hot streak
- The Australian ETF industry sees a new record in terms of assets under management – with the industry now within striking distance of the $250 billion milestone.
- Year to date industry net flows to November now stand at $26.9B, setting a new record and putting distance between the previous mark of $23.2B set in 2021.
- November saw the ETF industry have its second strongest month on record in terms of asset growth. The industry rose by 4.5% for the month, with the total market cap increasing by $10.4B. Total industry assets now stand at $242.9B – a new all-time record high.
- Industry flows were strong again with $3.1B recorded for the month, the third all-time highest level for monthly flows on record.
- ASX trading value was slightly higher month on month, at ~$13.7B for November.
- Over the last 12 months the Australian ETF industry has grown by 36.9%, or $73.2B.
- In terms of product launches, there were 4 new funds launched in November, including Australia’s first ethical Australian fixed income ETF and three other funds. Conversely, Magellan closed three active funds from their Core range.
- Digital asset exposures again performed well, with the CRYP Crypto Innovators ETF topping the list with a 42.4% return for the month.
- November was a stand out month for International Equities products ($1.7B) more than doubling the nearest category. Australian Equities ($804 million) and Fixed Income ($565 million) products rounded out the top three in terms of category flows.
Australian ETF Industry AuM: July 2001 – November 2024
CAGR: Compound Annual Growth Rate. Source: ASX, CBOE
Market Cap
- Australian Exchange Traded Funds Market Cap (ASX + CBOE): $242.9B – all time high
- ASX CHESS Market Cap: $206.03B1
- Market Cap change for November: 4.5%, $10.4B
- Market cap growth for last 12 months: 36.9%, $73.2B
New Money
- Net inflows for month: $3.1B
Products
- 399 Exchange Traded Products trading on the ASX & CBOE
- In terms of product launches, there were 4 new funds launched in November, including Australia’s first ethical Australian fixed income ETF and three other Conversely, Magellan closed three active funds from their Core range.
Trading Value
- ASX trading value was high at ~$13.7B for the month.
Performance
- Digital asset exposures performed well again, with the CRYP Crypto Innovators ETF topping the list with a 42.4% return for the month.
Industry Net Flows
Top Category Inflows (by $) – Month
| Broad Category | Inflow Value |
|---|---|
| International Equities | $1,694,782,276 |
| Australian Equities | $804,061,023 |
| Fixed Income | $565,677,156 |
| Multi-Asset | $101,801,693 |
| Currency | $61,770,382 |
Top Sub-Category Inflows (by $) – Month
| Sub-Category | Inflow Value |
|---|---|
| International Equities – US | $922,926,478 |
| International Equities – Developed World | $554,725,073 |
| Australian Equities – Broad | $487,291,047 |
| Australian Bonds | $411,423,778 |
| International Equities – Sector | $174,225,048 |
Top Sub-Category Outflows (by $) – Month
| Sub-Category | Inflow Value |
|---|---|
| Gold | -$86,573,065 |
| International Equities – Europe | -$48,812,983 |
| International Equities – Asia | -$40,159,518 |
| Australian Equities – Short | -$32,271,598 |
| Fixed Income – E&R – ESG Lite | -$25,316,613 |
Performance
Top Performing Products – Month
| Ticker | Product Name | Performance (%) |
|---|---|---|
| CRYP | Betashares Crypto Innovators ETF | 42.4% |
| EETH | Global X 21Shares Ethereum ETF | 42% |
| BTXX | DigitalX Bitcoin ETF | 39.8% |
| EBTC | Global X 21Shares Bitcoin ETF | 39.8% |
| VBTC | VanEck Bitcoin ETF | 39.6% |
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ETF industry
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