Global equities ETFs attracted the highest investor cash inflows once again in February. Here’s how investors invested.
Investors added another $1.72 billion into Australian-listed exchange traded funds (ETFs) in February, bringing total ETF inflows over the first two months of 2024 to $3.5 billion.
February ETFs data released by the Australian Securities Exchange (ASX) shows total assets under management across the Australian ETF industry reached another record high of $184.68 billion.
This was an increase of $6.17 billion over the previous record of $178.51 billion set at the end of January.
Vanguard maintained its top place in the Australian ETF industry as the largest issuer by assets under management, with $53.15 billion invested across 29 ETF products as at 29 February 2024.
The Vanguard Australian Shares Index ETF (VAS) – which invests in the top 300 ASX companies – remained the largest ASX-listed ETF, with $14.70 billion of assets under management.
Meanwhile, the Vanguard MSCI Index International Shares ETF (VGS) – which invests in more than 1,400 large listed companies in over 20 countries outside of Australia – ranked as the third-largest ASX-listed ETF with $7.33 billion in assets under management.
How investors invested
Global equities ETFs attracted the highest investor cash inflows once again in February, with more than $1.04 billion flowing into a broad range of funds investing in international markets.
This accounted for 61% of total ETF inflows and added to the $928.90 million invested into global equities in January.
Australian equities ETFs received the second-highest inflows over the month ($315.17 million), representing just under 20% of total ETF inflows, with Australian bonds ranking third with $242.98 million of inflows (14.1%).
Infrastructure ETFs accounted for $111.91 million of inflows (6.51% of total ETF inflows), followed by global bonds ($57.34 million, or 3.51% of total ETF inflows). Meanwhile, cash ETFs recorded combined outflows of $98.10 million.
Sources: ASX monthly report and Vanguard as at 29 February 2024
Feel free to contact our investment team to find out how we can help you reach your financial goals. Give us a call at 08 8231 4709 or send us an email at info@centrawealth.com.au.
Article courtesy of Vanguard.
