The Australian exchange-traded funds (ETFs) market contracted in January after 20 consecutive months of growth in assets under management, according to BetaShares.
Instreet’s Mr Lucas said Australian ETFs definitely dominate. “One of the reasons is a lot of the ETFs in Australia are unhedged from a currency point of view and so a lot of people that decide to go into overseas ETFs will not only think about their view of that equity market but their view of the Australian dollar against whatever country they are going in, and maybe they felt that the Australian dollar had bottomed a bit,” he said.Mr Lucas is bullish on Japanese equities this year, but anticipates a five to 10 per cent drop in the yen against the Australian dollar.
The investment manager has released its FY22 results.
The firm has released its results for the 2022 financial year.
The deal was officially announced this week.
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