ETF Securities Australia has broken the $1 billion milestone for assets under management following notable growth in the previous half year.
According to a statement, its gold exchange-traded fund ETFS Physical Gold provided investors with returns of 6.07 per cent in the last six months and is worth nearly $600 million.
The gold ETF allows “investors to get exposure to the precious metal that investors seek out as a defensive asset in times of crisis,” the statement said.
The asset management company’s robotics and artificial intelligence ETF has around $80 million assets under management and gave a return of 8.74 per cent in the last half year.
Its top 50 European stocks ETF has also reached $70 million assets under management (AUM) and annual returns of 16.69 per cent, while its technology ETF gave investors returns of 11.28 per cent and has approximately $45 million AUM.
Commenting on the announcement, ETF Securities Australia chief executive Kris Walesby said Australian investors had become “more confident and comfortable” with using ETFs to build their portfolios in a cost-effective way.
“ETFs are now a core portfolio allocation for many investors and this will only continue as the range of products becomes more diverse and Australian investors recognise the opportunities that exist around the world to benefit from sectors that offer healthy and reliable returns,” he said.
Insignia believes advisers should be issued a practicing certificate by a centralised body.
The corporate regulator has put out a call, advising any person who is concerned they have received financial services from, or invested with, Ashley ...
APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead.
Speaking at a Trans-Tasman Business Circle event, Wayne Byre...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.