ETFS Gold ETF added to AustralianSuper platform
Australian Super has added the ETF Securities Physical Gold exchange traded fund (ETF) to its Member Direct platform, allowing 2.2 million super members to access it.
This was in light of the increased demand for the gold ETF which was launched in 2003 and would be the only ETF available to Australian Super members which offered exposure to commodities via an ETF.
ETF Securities said ETFs were popular among self-managed super funds (SMSFs) but that more super funds were now including them in portfolios.
Kanish Chugh, head of distribution at ETF Securities, said: “Whilst SMSFs have been strong investors in ETFs and other listed options, super funds are now increasingly offering this option to their members too. They are recognising the growing desire of investors to take control of their super and ETFs can be used to diversify and tailor portfolios.
"Current fund inflows to GOLD have been in keeping with the global interest in this asset class and strong pricing. While gold prices have eased off (to an extent off the back of vaccines prospects), gold has a valuable role in a portfolio with allocations assisting not only with risk levels but performance in a portfolio.”
AUTHOR
Laura Dew
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.
