Record inflows, combined with positive market performance, pushed the Australian ETF industry to a new record high in July of $289.2 billion in funds under management – a rise of $8.7 billion or 3.1%.
Industry inflows for the month were a record $5.82 billion – beating the previous record set in January by over $1 billion.
Over the last 12 months, the Australian ETF industry has grown by 34.1%, or $73.6 billion.
Also read: Global Asset Allocation: The View From Australia
International Equity ETFs received the highest level of flows with $2.8 billion, while Fixed Income ($1.3 billion) took second, followed by Australian Equities ($962 million) in third.
Vanguard was the top ETF issuer in funds under management with 27.7% of the industry, Betashares second on 18.9%, and iShares third with 16.9%.
