“With strong sharemarket performance as a tail-wind we saw industry funds under management increase rapidly,” it said.
“We saw Australian ETF industry growth of 22% for the half, to end the financial year at $115.7 billion, an all-time high.
“Industry FUM grew ~$20 billion in the first half of the year, just under half of which came from net flows, and the remainder from asset value appreciation.”
This led BetaShares to upgrade its annual forecast as it felt it had previously “been too conservative” in its earlier forecasts.
“At the end of 2020 (when the industry was $95 billion) we forecast the industry to end 2021 at $110 billion to $120 billion,” it said.
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Best and worst ETFs of 2020 revealed
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Lithium battery and energy storage-themed fund ACDC, operated by the firm chaired by former Rich Lister Graham Tuckwell, was the best performing ETF in the year to March 31, according to analyst Stockspot.
Technology sector exchange traded funds have outperformed over the past year, with the ETFS Battery Tech & Lithium ETF (ASX: ACDC) managed by ETF Securities ranked first, with a 96 per cent return over the 12 months to March 31.
Analysis of 200 ASX-listed funds â representing 90 per cent of the booming $100 billion Australian ETF market â by former UBS portfolio manager Chris Brycki, founder of robo-adviser Stockspot, and his team found âbroad technology and niche technology themes were the best performersâ over the past year.