Exchange-traded funds in Australia witnessed record inflows at close to $24 billion, which was just over $3 billion more than 2020, bringing the industry’s size to more than $130 billion locally.
Moreover, unlike active fund managers, there’s no key person risk where you’re relying on the perceived magic touch of a fund manager. “International exposures really have been the driver of growth in the market for Australians and it’s really being driven by thematics. Head of ESG and sustainability at BT, Jessie Pettigrew, says ETFs are “great in a sustainability context because there is a low barrier to entry and they’re relatively flexible, relatively liquid and transparent”.
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