ETFS reaches $3b FUM
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 & Lithium, S&P Biotech, Morningstar Global Technology, ROBO 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
AUTHOR
Chris Dastoor
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
