ETF trading on the up amid volatile markets
Exchange traded fund (ETF) sector activity has significantly increased over the past week, according to ETF trader iShares, which the company attributed to market volatility.
iShares reported a 300 per cent increase in trading volumes last week, compared its 20-day average for its broad market iShares MSCI Australia 200 and S&P/ASX High Dividend.
The company has seen the surge in activity in the Asia Pacific region, too, where two of its products experienced three to four times their 20-day average trading volumes.
Similar results could be seen in the northern hemisphere, according to managing director of iShares in Australia, Mark Oliver.
Oliver said the increased ETF trading volumes demonstrated that this sector was a 'go-to' liquidity source during times of market uncertainty.
AUTHOR
Milana Pokrajac
Recommended for you
The Financial Services Council has appointed a new deputy chair for its board.
ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their advisers?
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
