The 10 ASX-listed ETFs attracting the most dough in FY24

The latest data on Australian exchange-traded funds are in, with some predictably big numbers. In the broadest sense, some of the standout numbers include:

• $200 billion – the total pool of FUM held inside Australian-domiciled ETFs
• $57.8 billion – the total growth of FUM among Australian ETFs in the past 12 months
• 43% – the total CAGR of Australian ETFs since the first local ETF launched in 2001
• $500 billion – the FUM figure Betashares is predicting for the local industry by the end of 2030.

At the top of the performance chart, two crypto ETFs dominated: Global X’s 21 Shares Bitcoin ETF, listed on Cboe, generated a 12-month return of 99.2%. This just edged out another product from the same stable, the Global X Ethereum ETF, which returned 81.9%.

But just as interesting are the revelations of which ETFs investors chose to put their money in. In the following, we look at the 10 ETFs that saw the biggest inflows in FY2024, as provided by ASX.

Vanguard Australian Shares ETF (ASX: VAS)

• Inflows: $1.95 billion
• AUM: $3.2 billion
• Inception: 4 May 2009

This ETF seeks to track the return of the S&P/ASX 300 Index (before taking into account fees, expenses and tax). It provides low-cost, broadly diversified exposure to Australian companies and property trusts listed on the Australian Securities Exchange. It also offers potential long-term capital growth along with dividend income and franking credits.

Top 5 holdings

As of 31 May, the largest allocations in VAS were:

• BHP Group
• Commonwealth Bank of Australia
• CSL Limited
• National Australia Bank
• Westpac Banking Corp

Betashares Australia 200 ETF (ASX: A200)

• Inflows: $1.87 billion
• AUM: $2.25 billion
• Inception: 7 May 2018

This ETF seeks to track the performance of the 200 largest companies listed on the ASX.

Top 5 holdings

As of 10 July, the largest allocations are:

• BHP Group
• Commonwealth Bank of Australia
• CSL Limited
• National Australia Bank
• Westpac

VanEck MSCI International Quality ETF (ASX: QUAL)

• Inflows: $1.15 billion
• AUM: $6.02 billion
• Inception: 29 October 2014

This ETF invests in a diversified index of “quality” international companies from developed markets around the world, ex-Australia. The Index is based on a traditional market capitalisation-weighted parent index, the MSCI World ex Australia Index, which includes large- and mid-cap stocks.

Top 5 holdings

• NVIDIA
• Apple
• Meta Platforms
• Microsoft
• Eli Lilly & Co

Ishares Core S&P/ASX 200 ETF (ASX: IOZ)

• Inflows: $1.1 billion
• AUM: $1.5 billion
• Inception: 6 December 2010

This fund aims to track the performance of the S&P/ASX 200 Accumulation Index, before fees and expenses. It holds 201 companies as of 10 July 2024.

Top 5 holdings

The largest companies by portfolio weight are:

• BHP Group
• Commonwealth Bank of Australia
• CSL Limited
• National Australia Bank
• Westpac Banking Corporation

iShares S&P 500 ETF (ASX: IVV)

• Inflows: $1.02 billion
• AUM: $8.26 billion
• Inception: 15 May 2000

This ETF aims to track the performance of the S&P 500 Index, before fees and expenses. The index is designed to measure the performance of large capitalisation US equities.

According to iShares, the fund provides low-cost exposure to large, established US companies and is most suited to investors seeking international diversification and long-term growth for their portfolio.

Top 5 holdings

As of 10 July, the largest weightings are:

• Microsoft Corp
• Apple
• Nvidia
• Amazon
• Meta Platforms

Vanguard MSCI Index International Shares ETF (ASX: VGS)

• Inflows: $891.5 million
• Inception: 18 November 2014

This ETF provides exposure to some of the world’s largest companies listed in major developed countries. According to Vanguard’s PDS: “It offers low-cost access to a broadly diversified range of securities that allows investors to participate in the long-term growth potential of international economies outside Australia.”

Top 5 holdings

Of the more than 1400 names in the fund, the five largest by portfolio weight are:

• Microsoft
• Apple
• Nvidia
• Amazon
• Meta Platforms

VanEck Australian Subordinated Debt ETF (ASX: SUBD)

• Inflows: $854.6 million
• AUM: $1.64 billion
• Inception: 28 October 2019

This ETF invests in a portfolio of subordinated bonds intending to provide investment returns that track the performance of the index, before fees and other costs. It provides access a portfolio of regulatory Tier 2 Capital investment grade credit quality subordinated floating rate bonds, which rank ahead of Additional Tier 1 Capital bonds such as listed hybrids.

Top 5 holdings

The highest bond weights are:

• Commonwealth Bank of Australia
• National Australia Bank
• ANZ Bank
• Macquarie Bank

Betashares Nasdaq Next Gen 100 ETF (ASX: NDQ)

• Inflows: $754.6 million
• AUM: $5.05 billion
• Inception: 24 August 2020

Tracking the Nasdaq 100 Index, this ETF focuses on the largest non-financial companies listed on the index – many of which are leaders within technology and other “new economy” industries.

Top 5 holdings

• Apple
• Microsoft
• Nvidia
• Broadcom
• Amazon

Betashares Global Shares ETF (ASX: BGBL)

• Inflows: $750.06 million
• AUM: $1.1 billion
• Inception: 9 May 2023

Tracking the performance of the Solactive GBS Developed Markets ex Australia Large & Mid Cap Index, BGBL provides exposure to an index of approximately 1,500 developed markets companies (ex-Australia).

Top 5 holdings

• Apple
• Microsoft
• Nvidia
• Amazon
• Meta Platforms

Vanguard Australian Shares High Yield ETF (ASX: VHY)

• Inflows: $657.5 million
• AUM: $994.5 million
• Inception: 23 May 2011

This ETF provides exposure to ASX-listed companies that are projected to pay some of the highest forecast dividends. Investment mandates mean no more than 40% of the total portfolio is invested in a single industry, and no more than 10% is invested in a single company. It also excludes Australian real estate investment trusts (A-REITs).

Top 5 holdings

• Commonwealth Bank of Australia
• BHP Group
• National Australia Bank
• Wesfarmers
• Westpac