International equity was the stand out, making up more than half the net flows in September. Australian equity had a muted month, with the largest market cap passive ETF seeing uncharacteristic outflow. Fixed income experienced a wide dispersion of flows as investors sold out of short duration floating rate note strategies to longer maturity Australian government bond strategies or the broader benchmark.

Performance-wise, Chinese equities were the Cinderella story for September, going from one of the worst performing equity markets to finishing the month on a high. China’s equity market benchmark soared by 21.1% for the month in the space of a few days, marking its strongest move since 2014. This performance was reflected in VanEck’s two China ETFs, which experienced their biggest five-day volumes since listing.

VanEck ETF Industry Pulse September 2024

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Notes:
[1] ASX data reports $219 billion. Official CBOE data not available yet but estimated to be $7 billion

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