News Formal

The ‘rounding error’ in Australia’s ETF industry

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The ETF market is growing at a record pace but despite the solid growth, its $130 billion size is still small in comparison with the total assets of $4.3 trillion

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”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ALDI and Coles are the latest companies to boycott Russian liquor. More are set to followAustralian brands, including Aldi and Coles, are joining a global movement to boycott Russian liquor products amid Moscow's invasion of Ukraine. All Australian should not buy Russian or Belarus products. Every Australian can make a difference Since when was Aldi an 'Australian brand'?
Source: SBSNews - 🏆 3. / 89 Read more »