ETF Securities reaches $1bn in AUM
ETF Securities has announced its assets under management (AUM) have reached $1 billion, with ETFS Physical Gold (GOLD) now worth almost $600 million, with returns of 6.07 per cent over the last six months.
According to ETF Securities Australia’s Australian chief executive, Kris Walesby, Australian investors began to feel more confident and comfortable in using exchange traded funds (ETFs) to help them build their portfolios.
“ETFs are now a core portfolio allocation for many investors and this will only continue as the range of products becomes more diverse and Australian investors recognise the opportunities that exist around the world to benefit from sectors that offer healthy and reliable returns,” he said.
Also, ETF Securities saw its robotics and artificial intelligence product (ROBO) attracting $80 million under management as investors were targeting high growth assets.
ROBO returned 8.74 per cent over the last six months while its TECH product has about $45 million assets under management (AUM) and achieved a return of 11.28 per cent.
At the same time, investors’ shift to passive management helped the EURO STOXX 50 ETF reached approximately $70 million in assets under management (AUM) while Australian shares and US high yield ETFs saw healthy inflows driven by investors’ search for growth and reliable dividends.
AUTHOR
Oksana Patron
Recommended for you
Sydney-based alternative fund manager East Coast Capital Management has formed its first advisory council as it enters its next phase of growth.
With 40 per cent of advice practices looking to increase their ETF usage, the next frontier being embraced is smart beta ETFs with flows doubling in July, providers have said.
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
