ETFS reaches $3b FUM

24 August 2020
| By Chris Dastoor |
image
image
expand image

As the exchange traded fund (ETF) industry reaches an all-time high of $67.2 billion in funds under management (FUM), ETF Securities (ETFS) has itself passed $3 billion FUM. 

The firm had doubled its FUM in two and years and Kris Walesby, ETFS chief executive, said it was not a surprise given broader market activity. 

“ETF trading for the entire Australian market has more than doubled over the course of the COVID-19 pandemic as investors sought fast and broad exposure to diverse market opportunities,” Walesby said. 

“Investors increasingly understand and see ETFs as a core investment tool for their portfolios, with the overall growth of the Australian ETF market and range of products available testament to this. 

“We continue to see strong inflows coming from the professional investment community and the self-advised investors via SMSFs and online trading accounts.” 

According to FE Analytics, the fund’s best-performers over the last year were Battery Tech & LithiumS&P BiotechMorningstar Global TechnologyROBO Global Robotics and Automation, and Physical Gold, as of 21 August, 2020. 

“There is an increased awareness about the impact of gold in portfolios as it is viewed as a hedge against an equity market sell off and lauded for its lack of correlation to mainstream asset classes,” Walesby said. 

It had also recently launched its FANG ETF, as well as short  and leveraged NASDAQ trading products.  

Best-peforming ETFS funds over the previous 12 months to 21 August 2020 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

18 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago