Australians Love Equity ETFs as Market Assets Surge 39%

First published by Bloomberg at 

Australians can’t seem to get enough of exchange-traded products as they hunt for low cost investments. The sector posted a 39 percent jump in assets under management during the year to Oct. 31, with equity products dominating, according to data from VanEck Australia and the Australian Securities Exchange. Still, the market commands just A$33.2 billion ($25.3 billion) in assets — a drop in the ocean of the world’s $4.5 trillion ETF market.

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