Share market volatility led to a record month of trading in the Australian exchange traded fund industry last month, according to BetaShares Australian ETF Review – August 2015.
Average trading value increased 23% to hit a record high of $2.3 billion in August. Structural growth of the industry also continued throughout the month, with net inflows recorded of $330 million, even as markets globally experienced declines.
Overall, the industry ended the month at $19 billion in funds under management; declining 3.8% in value from $19.7 billion in July due to market falls.
Australian and international equities were the dominant product categories for inflows, with particularly strong flows into broad global exposures.
The BetaShares Australian Equities Strong Bear Hedge Fund (ASX: BBOZ) was the best performing exchange traded product in August, rising 19% for the month.
Alex Vynokur, Managing Director of BetaShares said: “The significant market volatility saw Australian investors using exchange traded products to express both bullish and bearish views on the global markets, which led to a record monthly trading high of $2.3 billion in August.
“It was pleasing for us to see strong trading activity in our Bear Fund series – which provided investors and financial advisors with a simple way to protect against falls in Australian and US share markets,” he said.
Net outflow activity by category was low throughout August, and largely confined to outflows in emerging markets equities.
Download a copy of the BetaShares Australian ETF Review – August 2015.
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