Australian ETF industry hits $11 billion
Australia’s exchange-traded fund market now has $11 billion in assets, according to the ASX, indicating a 50 per cent increase from April 2013.
“Year-to-date, over $1 billion has flowed into ETFs quoted on the ASX, with April attracting record inflows of $331 million, an increase from $265 million in March,” said a statement from ETF provider Market Vectors reflecting on the announcement.
“The increasing adoption of ETFs in model portfolios is contributing to the growth of Australia’s ETF industry,” said Market Vectors managing director Arian Neiron.
“Other contributing factors include the ease with which they can be traded on the ASX and the range of investment opportunities available to Australian investors through ETFs.
“ETFs can give investors access to diversified portfolios of Australian and international equities with a range of different index methodologies, as well as currencies, commodities and even bonds.”
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