04 Jul – 08 Jul 2016

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Bond ETFs experienced another week of fund outflows, this time at a rate which should raise a few eyebrows. Across the whole segment fund outflow was equivalent to a whopping 6% and it was the result of investors withdrawing substantial amounts from three funds. Withdrawals from BetaShares Australian High Interest Cash ETF were worth 5%, but the Russell Australian Government Bond ETF and the RSM Russell Australian Semi-Government Bond ETF were the main targets and these two funds had withdrawals equivalent to 59% and 55% respectively. These latter two ETFs are relatively small compared to the BetaShares cash ETF but even so the size of the withdrawals suggests an asset allocation adjustment.

ASX CASH & BOND ETFS*

NAMESYMBOLCLOSE
PRICE
1m (%)1y (%)MER (%)FUND
SIZE ($m)
BetaShares Aust High Int CashAAA50.110.22.530.18889.78
SPDR S&P/ASX Aust BondBOND26.691.324.650.2424.26
SPDR S&P/ASX Aust Govt BondGOVT26.661.394.890.228.07
iShares Composite Bond ETFIAF108.501.244.50.24317.86
iShares Treasury ETFIGB106.911.354.510.2625.37
iShares Govt Inflation ETFILB116.521.671.630.2663.39
Russell Aust Select Corp Bond ETFRCB20.511.023.210.2898.71
Russell Aust Govt Bond ETFRGB22.141.625.310.2457.90
Russell Aust Semi-Govt Bond ETFRSM20.851.13.990.2657.48
Vanguard® Aust Fxd Int Index ETFVAF50.371.244.460.2421.59
Vanguard® Aust Govt Bond Index ETFVGB50.901.334.760.2103.09
Vanguard® International Crdt Securities Ind(Hedged) ETFVCF51.740.37-0.311.38
Vanguard® International Fix Int Ind(Hedged) ETFVIF53.550.69-0.218.74
*1 month/1 year performance as at end of May 2016. Closing price as at week end. Return in AUD before fees