ETFs gain further ground
iShares, BetaShares and Vanguard have emerged as the top three product issuers in what was a strong year for exchange-traded funds (EFTs) in 2012, according to new analysis released by BetaShares.
The analysis, released today, revealed the Australian ETF market grew by around 31 per cent last year to a record high of $6.4 billion.
The analysis said 25 new products had been launched during the year, bringing total products available on the Australian Securities Exchange (ASX) to 84.
The BetaShares Australian Exchange Traded Fund Review for 2012 said inflows into ETFs were up approximately 60 per cent over 2011 and reached $850 million for the year.
BetaShares head of investment strategy Drew Corbett said the performance of the local ETF market had mirrored global growth.
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