International ETFs set to grow
The Australian exchange traded fund (ETF) market is expanding to accommodate growing investor demand for international exposure, particularly Asian economies, according to ETF Securities (ETFS) latest ETF landscape report.
Kris Walesby, ETFS chief executive, said investors were diversifying their portfolios by using ETFs to gain exposure to international shares and fixed income.
“The market for [Australian] ETFs has grown rapidly and as at 31 October, 2019 the ETF market size was $56.92 billion which has grown from $40.41 billion at the start of the year,” Walesby said.
“What stands out this year is the increased number of ETFs launched that provide investors exposure to international markets.”
ETFS had previously partnered with one of India’s largest fund managers, Reliance Nippon Life Asset Management, to launch Australia’s first India equities ETF, the ETFS Reliance India Nifty 50 ETF.
They added a second Indian equity ETF in August, as well as three China ETFs, and one each for Taiwan and South Korea.
AUTHOR
Chris Dastoor
Recommended for you
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
Fidelity International has worked in tandem with Australian wealth manager Emanuel Whybourne & Loehr to launch an actively managed global equities strategy aimed at financial advisers.
