ETF belongings surge to new report | Australian Markets
Australian exchange traded funds (ETFs) belongings have surged to a new all-time report of $257.4 billion, in accordance with Betashares.
It stated the report had been created off the back of sturdy inflows and constructive market efficiency.
Betashares famous that there had been a $4.6 billion in internet flows in January with the sector rising by 4.5% for the month delivering an increase in whole market capitalisation of $11.1 billion.
It famous that the sturdy January flows had occurred regardless of the month traditionally having been quieter for ETFs.
Betashares stated that over the previous 12 months the Australian ETF industry has grown by 35.9% or $79.9 billion.
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