The exchange-traded fund industry has recorded a market cap decline in October due to global sharemarket weakness, despite seeing the second-highest level of net flows this year to date.
Two reports from Betashares and Vanguard have seen renewed investor interest in global equities in ETFs after a period of favour for fixed income products.
Local equities have come back in favour for Australian investors as the top category for ETF inflows in August as the industry reports its highest inflows for a year at $2.2 billion.