ETF provider BetaShares has announced that its Managed Risk Series of ASX-traded funds has surpassed $200 million in funds under management (FUM).
BetaShares said in a statement that the series of funds coincides with the high growth of the Australian exchange-traded funds (ETF) sector, which hit an FUM record of $21.9 billion in April.
BetaShares managing director Alex Vynokur said: "The popularity of and the growth of the industry at large highlights how funds traded on the exchange have transformed from a little known investment category to a key investment tool for advisers."
"The Managed Risk Series lets investors find a balance between investing too cautiously and risking insufficient investment performance, and investing too aggressively and risking exposure to significant losses in market declines."
BetaShares' series of managed risk funds consists of its Australian Dividend Harvester Fund (HVST); its Managed Risk Australian Share Fund (AUST); and its Managed Risk Global Share Fund (WRLD).
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