Australian ETFs just smashed multiple records

Local exchange-traded funds (EFTs) are killing it at the moment. Here are the best performing funds right now.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Retail investors continued to pile onto exchange-traded funds (ETFs) last month, trying not to miss out on a soaring share market.

According to BetaShares, the ETF industry broke multiple records in November including total funds under management, largest dollar growth in funds under management, highest monthly net inwards flow and highest annual growth.

The industry reached an all-time high market capitalisation of $78.7 billion in November, which was further boosted to $92.3 billion after Magellan Global Fund (ASX: MGF) joined the sector on its conversion to an "open class" structure.

Excluding the Magellan aberration, funds under management grew $4.9 billion, which smashed the previous monthly record of $4.1 billion set in January.

About half of that growth came from asset appreciation and the other half from inward flows, which set a new monthly record of $2.5 billion.

"Including the Magellan conversion, industry growth over the last 12 months has been 52%, representing absolute growth of $31.6 billion over this period," reported BetaShares.

Best performing Aussie ETFs right now

The five ETFs with the biggest returns in November were dominated by US shares and commodities.

The share market generally had a fantastic month, with the S&P/ASX 200 Index (ASX: XJO) rising 10% and S&P 500 Index (INDEXSP: .INX) jumping 11%.

ETF November performance
BetaShares Geared US Equity Fund Currency Hedged (ASX: GGUS) 27.8%
ETFS Ultra Long NASDAQ 100 Hedge Fund (ASX: LNAS) 26.1%
BetaShares Crude Oil Idx ETF-Currency Hgd(Synth) (ASX: OOO) 25.4%
Betashares Global Energy Cos ETF-Currency Hedged (ASX: FUEL) 25.3%
BetaShares Geared Australian Equity (Hedge Fund) (ASX: GEAR) 22.9%
Source: BetaShares; Table created by author

The top two ETFs were hedge funds.

BetaShares Geared US Equity Fund Currency Hedged came out on top with a remarkable 27.8% performance. ETFS Ultra Long NASDAQ 100 Hedge Fund wasn't far behind on 26.1%.

Who are the most popular ETF providers?

Vanguard and BetaShares continue their dominance of the ETF market, attracting the largest amount of inward flows this year.

Magellan with its fund conversion has moved up to 7th with $422.7 million coming in to it so far in 2020.

Platinum retains its crown as the least popular provider with more than $48 million taken out, with ACBC storming into second place in November.

Top 5 ETF providers: most money in

ETF provider In-flow year-to-date % of Australian industry
Vanguard $5.1 billion 28.2%
BetaShares $4.8 billion 26.6%
iShares $2.8 billion 15.7%
VanEck $1.9 billion 10.7%
ETF Securities $1.2 billion 6.7%
Source: BetaShares; Table created by author

Bottom 5 ETF providers: most money out

ETF provider In-flow year-to-date % of Australian industry
Platinum ($48.3 million) (0.3%)
ACBC ($23.5 million) (0.1%)
K2 Global ($5.2 million) 0.0% 
Schroder ($1.5 million) 0.0% 
Antipodes ($0.5 million) 0.0%
Source: BetaShares; Table created by author

 

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

These ASX shares could rise 20% to 50%

Analysts are tipping these shares to rise strongly over the next 12 months.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A view of competitors in a running event, some wearing number bibs, line up together on a starting line looking ahead as if to start a race.
Technology Shares

Here's how the ASX 200 market sectors stacked up last week

ASX technology shares led the market with a 2.48% increase last week.

Read more »

A father helps his son look through binoculars during a family holiday or day out in the city.
Opinions

Up 190% in a year, why I think Life360 shares can keep soaring higher

This tech stock has plenty of potential.

Read more »

Doctor doing a telemedicine using laptop at a medical clinic
Healthcare Shares

3 small-cap ASX healthcare shares 'with strong prospects'

Fund manager IML discusses why these 3 ASX healthcare shares are likely to rise in value.

Read more »

Magnifying glass on a rising interest rate graph.
Share Market News

Will the RBA finally cut interest rates next week?

Let's see what economists are saying about the central bank's meeting.

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Broker Notes

7 ASX All Ords shares elevated to 'strong buy' status in October

The brokers turned bullish on these ASX companies last month.

Read more »