BetaShares FUM surpasses $1 billion
Australian exchange traded funds (ETF) provider BetaShares has surpassed $1 billion in funds under management (FUM), three-and-a-half years after launching its first products in the Australian market.
BetaShares launched its first ETF in December 2010 and has since become the fastest-growing local provider of ETFs, with 13 different products across equities, currency, commodities and cash exposures available to Australian investors.
Betashares managing director Alex Vynokur said reaching $1 billion in FUM was proof that Australian investors were increasingly adopting the low-cost, transparent investment solutions that ETFs provide.
The announcement comes off the back of a period of significant growth for the Australian ETF market as a whole, which has now reached over $10.5 billion in FUM.
“In the years since the launch of BetaShares, we have seen the Australian ETF market double in size, with 90 different products now available on the ASX covering exposures as diverse as fixed income, commodities, currency and international equities,” Vynokur said.
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