Australia’s exchange-traded funds drew A$1.2 billion (US$792.6 million) of net inflows in April, down from A$1.8 billion in March as global stock markets declined, according to figures compiled by Betashares.
ETF assets dropped to A$195 billion from a record A$196.7 billion in March.
“Positive ETF inflows were not enough to offset global share market declines, causing Australian ETF industry assets to dip during April,” Betashares Chief Commercial Officer Ilan Israelstam says in a report on May 13.
International equity ETFs attracted the largest net inflows of A$1.05 billion, continuing a trend that started at the end of 2023. Fixed income ETFs were in second place with A$309.4 million.
Cash ETFs were the only fund type that saw outflows, with investors pulling out A$97.9 billion.
Meanwhile, 11 new ETFs were launched in April, including eight active funds.
