From Foundry LabsAustralian ETFs
A monthly report on the Australian ETF industry, built from every product in the ASX and Cboe monthly reports, and the research from ETFtracker behind it.
Mark led the analytics behind INSIGHT, the equity research product Canaccord Genuity acquired, worked on market data at the ASX, and founded ETFtracker.
State of the Australian ETF Industry
The industry has grown almost four-fold since 2020 and the number of issuers has nearly trebled, yet the top three still hold two-thirds of the money. Fewer than half of the funds that launched small have reached $100 million.
Read the report →- $371.6bn
- in Australian ETFs and quoted funds
- 70
- issuers, up from 25 in Dec 2020
- 66%
- of assets held by the top three issuers
- 78 of 173
- launches that started below $100m have reached it
Inside the report
- 01Size and growthFunds under management, products and issuers, December 2020 to now.
- 02Who has the moneyIssuer shares, and who is winning the inflows.
- 03Where the money goesNet inflows over the last 12 months and how concentrated they are.
- 04What launching looks likeHow many launches reach $100m, how long it takes, and how many close.
- 05Cost and liquiditySpreads and fees by size of fund, active against passive.
More research from ETFtracker
Everyone Just Bought Copper
The one pure copper ETF on the ASX is up 77% in a year and took in A$391m. Popular resources funds are barely copper.
You Own More Nvidia Than CBA
Through their ETFs, Australians hold A$7.3bn of Nvidia against A$7.1bn of Commonwealth Bank.
The Stocks the Index Is Quietly Buying
In August, ASX ETFs added A$1.24bn of mechanical demand across ASX equities. Where it tilted is the story.
What Australia Actually Bought
Thirteen findings from 78 months of ASX ETF data: flows were never negative, and thematic funds grew fifteenfold.
Quick answers
How big is the Australian ETF market?
$371.6bn was held in 468 ETFs and other quoted products in August 2026, up from $94.4bn in December 2020, according to ETFtracker's analysis of the ASX and Cboe Australia monthly reports. Growth includes market movement as well as inflows.
How many ETF issuers are there in Australia?
70 issuers had quoted products in August 2026, up from 25 in December 2020. 19 of them had more than $1bn.
Who are the largest ETF issuers in Australia?
Vanguard (29% of assets), Betashares (20%) and iShares (17%) are the largest, and the top three together hold 66% of assets.
How many new ETFs reach $100 million?
Of 173 products launched from 2020 to 2024 that started below $100m, 78 have reached it, taking a median 12 months. 76 are still listed below it and 16 have closed.
Do small ETFs cost more to trade?
Yes. The median bid-ask spread is 0.27% for products under $25m and 0.04% for products over $2bn.
General information only, not legal, financial or investment advice.
Hear it discussed on ausbiz TV
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19 October 2026 · 09:04
$360B and counting: Australia’s ETF market turns 25
31 August 2026 · 07:48
ETF trends in 2026
21 January 2026 · 09:50
Watch all 31 ausbiz TV appearances →
Want the data behind it?
ETFtracker has the fund-by-fund data, holdings and monthly statistics that these reports are built from.