ETF market forecast to grow
Exchange Traded Fund (ETF) specialist BetaShares has predicted the market could grow to as much as $9 billion this year if financial markets remain appropriately buoyant.
Releasing the company's review of the ETF market for 2012, BetaShares head of investment strategy Drew Corbett said the market could grow to $9 billion in assets this year and $12 billion by 2014 in the right market circumstances.
As well, he suggested that if the fundamentals remained right a further two ETF issuers might enter the market.
The BetaShares analysis said the Australian ETF market had grown to $6.4 billion last year, with 25 new products launched - bringing the total number of products to 84.
The analysis named iShares, BetaShares and Vanguard as the top three product issuers in terms of net inflows last year.
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