Australian (AFG) is held by 18 ASX ETFs. Over the last 3 months it fell 22.3%: on $10,000, −$2232. We explain 3 big moves in that time.
About AFG
- SectorFinancials
- IndustryFinancial Services
- Size$340.5m
- Held by18 ETFs
- Big moves3 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −7.4%18 Sep 2026· Capital Raise
AFG fell sharply after pricing a new Prime RMBS (residential mortgage-backed securities) transaction, which investors likely interpreted as a dilutive or risk-increasing capital markets move, driving heavy selling.
- −6.6%9 Sep 2026· No Catalyst Found
AFG fell in line with a broad financial-sector selloff, with no company-specific news to explain the drop.
- +5.0%2 Sep 2026· Earnings Beat
AFG shares rose strongly after reporting a 39% profit increase driven by a record mortgage trail book and surging manufacturing margins, with results beating market expectations.
Held by 18 ETFs
Of every $10,000 in each fund, how much is in AFG today.
- QHSMVanEck MSCI International Small Companies Quality (AUD Hedged) ETF$780.78%
- QSMLVanEck MSCI International Small Companies Quality ETF$760.76%
- IJHiShares S&P Mid-Cap ETF$280.28%
- SMLLBetaShares Australian Small Companies Select ETF$270.27%
- WYNCISHARES WORLD EQUITY HIGH INCOME COMPLEX ETF$180.18%
- BNDSBetaShares Western Asset Australian Bond Active ETF$180.18%
- VISMVanguard MSCI International Small Companies Index ETF$8.820.09%
- VTSVanguard US Total Market Shares Index ETF$1.280.01%
- IHCBiShares Core Global Corporate Bond (AUD Hedged) ETF$1.140.01%
- VETHVanguard Ethically Conscious Australian Shares ETF$1.070.01%
Why did AFG fall 7.4% on 18 Sep 2026?
Australian
AFG fell sharply after pricing a new Prime RMBS (residential mortgage-backed securities) transaction, which investors likely interpreted as a dilutive or risk-increasing capital markets move, driving heavy selling.
The timing of the RMBS pricing announcement on 17 Sep 2026 — the day before the sharp sell-off — is the only stock-specific event in the evidence window that aligns with the move. RMBS issuance by a mortgage aggregator like AFG can signal increased funding costs, balance sheet risk, or dilutive warehouse/securitisation obligations, which may have spooked investors. The sector (AXFJ) was actually up 0.56% on the day, ruling out sector-wide selling and pointing to a stock-specific catalyst; no earnings, guidance, or management announcements were found, making the RMBS deal the most plausible trigger despite the lack of a direct negative commentary on the transaction.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 18 ETFs holding AFG
On $10,000 in each fund, at the weight it holds today
- QHSM0.78% of the fund−$6
- QSML0.76% of the fund−$6
- IJH0.28% of the fund−$2
- SMLL0.27% of the fund−$2
- WYNC0.18% of the fund−$1
- BNDS0.18% of the fund−$1
- VISM0.09% of the fund−$1
- VTS0.01% of the fund−$0
- IHCB0.01% of the fund−$0
- VETH0.01% of the fund−$0
The 10 that hold it most. All 18 are listed on the page under Held by.