ETF market records third best quarter on record amid COVID chaos
30 April 2020: The Australian Exchange Traded Fund (ETF) market weathered the storm in the first quarter of 2020, attracting a total of $3.8b in new inflows, making it the third strongest quarter on record according to latest figures from the ASX and Vanguard.
Despite COVID-19 causing uncertainty and unprecedented market volatility in the latter half of the quarter, Q1 2020 was also Vanguard’s third largest quarter on record with $1.51b in cash flow (40 per cent of total market cash flow), behind Q4 2019 ($1.78b) and Q3 2019 ($1.54b), showing investors were confident to use ETFs during market volatility, said Minh Tieu, Head of Capital Markets for Asia-Pacific.
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