The Australian ETF industry closed the month of July at $67 billion, an all-time end of month high, eclipsing the previous record from January.
Industry FuM grew by $1.3 billion (a 2.0% month-on-month increase) with industry growth over the last 12 months of 26%, representing absolute growth of $13.8 billion over this period.
With global sharemarkets flat during the month, the growth derived from net new money (as opposed to market movements). Trading value remained relatively high in July, albeit dropping back on recent record months. Total value was down ~20% with a total of $6.6 billion traded.
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