The Australian Securities Exchange has announced that the exchange-traded products (ETP) market has now passed the $10 billion mark, doubling in the past two years.
An ASX statement indicated that funds under management (FUM) comprising ETPs have doubled in the past two years, from $4.9 billion in December 2011 to $10 billion today.
The ASX believes this could be the result of increased awareness among both retail and institutional investors and an expanded product offering including international exchange-traded funds (ETFs) which have performed strongly.
Equity market growth and the falling Australian dollar have also had a positive effect on ETPs providing international exposure.
According to the December ASX report Spotlight on ETPs, Australian broad-based ETPs represent the largest share of FUM at 36.8 per cent, followed by broad-based international ETPs at 31.8 per cent.
Australian broad-based ETPs experienced fund inflows of $96.03 million and broad-based international ETPs had fund inflows of $80.8 million.
The issuer with the largest FUM was iShares with $3.61 billion, followed by StateStreet at $3.27 billion and then Vanguard at $1.4997 billion.
ASX business development manager Jonathan Morgan said the ASX is committed to providing an extensive range of investment options for Australians.
The regulator has banned a financial adviser for five years and cancelled his firm’s AFSL. The Australian Securities ...
The lack of visibility and consistent regulatory instability are stopping prospective talent from entering the advice ...
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin