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

rising gold share price represented by a green arrow on piles of gold block
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 kept up the selling this Wednesday, with another day in the red.

Read more »

A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price
Bank Shares

Westpac stock: Should you buy the 5.5% yield?

Is Westpac an easy buy today for that 5.5% yield?

Read more »

A young woman wearing a blue and white striped t-shirt blows air from her cheeks and looks up and to the side in a sign of disappointment after the ASX shares she owns went down today
Share Fallers

Why Australian Strategic Materials, Boral, Dubber, and Macquarie Technology are falling today

These shares are having a tough hump day. But why?

Read more »

a mine worker holds his phone in one hand and a tablet in the other as he stands in front of heavy machinery at a mine site.
Materials Shares

Is Core Lithium stock a good long-term investment?

Is this lithium dog a buy-the-dip opportunity today?

Read more »

Share Gainers

Why Bank of Queensland, DroneShield, Evolution Mining, and Lynas shares are storming higher today

These ASX shares are having a very strong session on hump day.

Read more »

Man looking concerned head in hands at laptop
Share Market News

Worried about an ASX stock market crash? Here are 5 reasons AMP says the bull market has legs

Despite the potential for a pullback, the ASX bull can keep on running, says AMP.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

Is Telstra stock a smart buy right now for dividends?

Would I buy Telstra shares for that hefty dividend yield today?

Read more »