The best, and worst, performing Australian ETFs for 2018

Exchange-traded funds (ETF) under management in Australia grew 33% over the past year to $36.2 billion, according to the annual ETF Report by robo-advice fintech Stockspot.

The best performer was UBS IQ MSCI Asia APEX 50 Ethical ETF, which generated a return of 30.1%.

The biggest loser was BetaShares Australian Dividend Harvester Fund which lost 16.2%. This fund invests in large ASX shares that are about to pay dividends while also selling futures contracts as a form of hedging to reduce risk.

Chris Brycki, CEO and founder of Stockspot, says this year’s findings signal the ongoing disruption to the asset management industry by ETFs and indexing.

“The investment industry is amid a seismic shift as ETF use grows at a phenomenal rate at the expense of active funds and direct share investing,” says Brycki.

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Source: The best, and worst, performing Australian ETFs for 2018 | Business Insider