ETF industry approaches $100bn
As new investors turned to exchange-traded funds (ETFs) to cash in on the market volatility and consequent recovery in 2020, the industry reaped the benefits breaking several records, new research shows.
The BetaShares Australian ETF Review for year end 2020 revealed the industry grew to $95.2 billion, up from $62 billion at the start of the year.
This is not only the highest annual change on record but shot the market capitalisation of the industry to an all-time high.
BetaShares head of strategy and marketing Ilan Israelstam said the most striking feature of the industry’s growth was that it was driven by inflows of $20.5 billion rather than asset value appreciation.
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