24 July 2025

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Raising the GST to 15%7 examples of how the new super tax will be calculated Are franking credits hurting Australia’s economy?Here's what should replace the $3 million super tax The rubbery numbers behind super tax concessions

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Home / White Papers 2020

BetaShares Australian ETF Review – Mid-Year 2020

BetaShares Capital
15 July 2020

Increased issuer concentration

Flows by issuer remained as concentrated as in 2019, with the top two issuers (Vanguard and BetaShares) once again receiving ~60% of industry net inflows for the half-year.

Australian equities dominate flows

While the Fixed Income category received the highest level of inflows in 2019, Australian broad equity products have been dominant in 2020, receiving more than 1.5 times the flows of the next biggest category, global equities (receiving inflows of $3.5 billion and $2.1 billion respectively). In contrast, only $263 million flowed into fixed income over the half year, with investors appearing to reduce allocations to bonds as yields continued to fall. Inflows into commodities ETFs also jumped, as investors turned to gold as a safe haven exposure.

Trading volumes remain robust

As well as the substantial increase in overall trading volume, there were also marked changes to the most-traded products for this half year when compared to the previous half. In particular, short products were heavily traded, with BetaShares’ BBOZ, which offers short exposure to the Australian sharemarket, topping the list of the most traded products in the month.

Outlook for the rest of 2020

Looking forward for the rest of the year, BetaShares retains the forecast it made at the end of 2019, and continues to expect total industry FuM at end 2020 to be in the range of $72-$78B.

Most viewed in recent weeks

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Treasurer Jim Chalmers aims to tackle tax reform but faces challenges. Previous reviews struggled due to political sensitivities, highlighting the need for comprehensive and politically feasible change.

Noel Whittaker
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You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

ASFA
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Are franking credits hurting Australia’s economy?

Business investment and per capita GDP have languished over the past decade and the Labor Government is conducting inquiries to find out why. Franking credits should be part of the debate about our stalling economy.

James Gruber
18 June 2025

Here's what should replace the $3 million super tax

With Div. 296 looming, is there a smarter way to tax superannuation? This proposes a fairer, income-linked alternative that respects compounding, ensures predictability, and avoids taxing unrealised capital gains.

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2 July 2025

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In selling the super tax, Labor has repeated Treasury claims of there being $50 billion in super tax concessions annually, mostly flowing to high-income earners. This figure is vastly overstated.

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100 Aussies: seven charts on who earns, pays, and owns

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James Gruber
23 July 2025
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7 key charts on the state of the Australian property market

The Australian property market stirs fierce debate - often bullish optimism versus crash predictions. But beyond the noise, seven charts reveal what's really driving prices and the outlook for residential real estate.

Shane Oliver
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A simple alternative to the $3 million super tax

Division 296 aims to introduce improved fairness into the superannuation system, yet is overly complex. This scours the world for better ideas and suggests a simpler alternative which can achieve the same goals.

David Knox
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Andrew Brown
23 July 2025
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Jonathan Rochford
23 July 2025
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James Gruber, Anthony Srom
23 July 2025

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We have trouble understanding the time value of money

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Tony Dillon
23 July 2025
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BetaShares Australian ETF Review – Mid-Year 2020