CAR LOANS
All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
The overall market capitalization of Australian ETFs, spanning ASX and CBOE platforms, has climbed to a record $232.5 billion. This punctuates a stunning 52% increase over the past year, equating to an additional $79.6 billion being pumped into the market. A closer look reveals that this expansion stems from robust net inflows alongside favourable market dynamics.
The month of October witnessed a substantial $3.2 billion in net inflows, accompanied by the advent of four new funds – making it the second-highest month this year following July. Investors showed a particular appetite for international equities, which netted $1.2 billion. Fixed income products followed closely with $974 million in new flows, while Australian equities attracted $833 million.
Furthermore, investments in Australian bonds amounted to $706 million, demonstrating steady interest in fixed-income securities. World development equities also captivated investors, securing $616 million.
Individual performers for the month of October included the Global X Physical Palladium, Betashares Crypto Innovators ETF, and Monochrome Bitcoin ETF, surging 19.3%, 18.8%, and 18.1%, respectively. These products highlight the growing trend in diversifying investments towards distinctive and emerging sectors.
Vanguard emerged as a prominent force in the monthly inflows, with its Australian Shares Index ETF (VAS) climbing by $374 million, alongside its Global Aggregate Bond (Hedged) ETF (VBND), and MSCI Index International Shares ETF (VGS), growing by $223 million and $173 million respectively.
Differing fortunes were observed with the largest outflows affecting the MGOC Magellan Global Fund (Open Class) with $176 million exiting, the iShares FTSE China Large-Cap ETF suffering a $36.6 million reduction as investors reacted to geopolitical and economic concerns, and a drop of $27.7 million in the SPDR S&P/ASX 200 (STW).
At the summit of funds by market cap, VAS leads with $16.8 billion, trailed by VGS with $9.5 billion, and the iShares S&P 500 ETF (IVV) commanding $9.4 billion.
A glance over the year shows Vanguard leading the charges with a $7.29 billion surge in new flows, closely pursued by BetaShares with $6.50 billion. iShares and VanEck recorded $4.96 billion and $4.75 billion, respectively, while GlobalX concluded the list with an influx of $1.23 billion.
This analysis is informed by data originally reported by Patrick Buncsi on November 13, 2024, showcasing the adaptability and growth potential within Australia's ETF market.
Published:Thursday, 14th Nov 2024
Source: Paige Estritori
| Unprecedented Surge in Australia's ETF Market 14 Nov 2024: Paige Estritori Australian investors are rewriting the record books in the exchange-traded fund (ETF) sector, with data from BetaShares illustrating impressive growth figures that have taken the market by storm. Inflows have surged to $23.7 billion by October, far exceeding the previous yearly high of $23.2 billion established in 2021. - read more |
| RBA's Inflation Strategy Shows Signs of Easing Pressures 13 Nov 2024: Paige Estritori In a move that is being closely watched by economists and financial analysts, the Reserve Bank of Australia (RBA) has maintained a firm stance on interest rates, reflecting its concerns about underlying inflation dynamics. - read more |
| Debate Over Student Debt Cancellation Heats Up 12 Nov 2024: Paige Estritori In a bold move earlier this month, Prime Minister Anthony Albanese announced plans for a potential reduction of student debt by 20% if the current government retains power. This proposal seeks to alleviate the financial burden on graduates, signaling a shift towards addressing Australia’s student loan crisis. - read more |
| Resilient Aussies Maneuvering Through Financial Pressures 11 Nov 2024: Paige Estritori Amid surging cost-of-living concerns, Australian homeowners are showcasing resilience by staying afloat with mortgage payments, the recent reports from two leading banks reveal. These findings come at an intriguing time, reflecting how individuals adapt despite macroeconomic pressures. - read more |
| Australian Unity Divests to Sharpen Focus on Core Services 08 Nov 2024: Paige Estritori In a strategic shift intended to streamline its operations, Australian Unity has announced the divestiture of its $1.6 billion banking business. This move is part of its broader vision to concentrate on its thriving wealth, insurance, and health services sectors. - read more |
