ETF industry hits record as RBA boosts bonds appeal

Investors pulled money from some of the best-performing Australian listed exchange-traded funds in 2023, while ETFs with some of the worst returns saw steady inflows in a year of record growth for the local industry buoyed by fixed income.

The Australian ETF industry grew 33 per cent year-over-year to around $177.4 billion in funds under management, according to new data compiled by BetaShares, boosted by $15 billion of net inflows in the past 12 months.