Another month, another billion dollars
- The Australian ETF industry grew by over $1 billion this month, with the industry rising to a fresh record high
- Total industry funds under management at the month end was $32.0 billion, a growth rate of 3.5% or $1076 million for the month
- The growth was aided by strong asset gains (particularly in global and US equities) although the majority of the gains (~65%) came as a result of new money flows ($687 million).
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