Revolut Australia secures variation to licence for securities trading, prepares to launch stock trading service
Global fintech Revolut has had its Australian Financial Services Licence (AFSL) extended to include securities trading.
The Australian ETF industry is still going strong
The latest Exchange Traded Fund (ETF) sector report from ETF Securities shows that the Australian ETF industry is still going strong.
ETFs see 150% turnover growth in March
ETF trades on the Australian Securities Exchange (ASX) were $18 billion during March, beating the record held in February which was $7.2 billion.
Top trends for ETF industry in 2020
The search for yield, investing to offset Australian exposures, thematic investing, bespoke strategies and active ETFs are the top trends for the ETF industry.
SelfWealth launches ETF
Online broker SelfWealth will launch a new ETF targeting self-managed super funds. The SelfWealth SMSF Leaders ETF is due to launch on the ASX this financial year and listed under the ticker code SELF. It is pending regulatory ASX approval. ETF Securities Australia and its parent company ETFS Capital are backing SELF by providing $100 million in seed funding. ETF Securities Australia will act as the responsible entity. SelfWealth chief executive Andrew Ward said SELF will be constructed using data from the best-performing investors among 50,000 SMSF portfolios. It will offer clients “a high-performing investment asset that complements portfolios constructed using the SelfWealth platform, and delivering a new revenue stream […]
What is an ETF?
Some investors spend days if not weeks deciding whether buy a stock. Most people’s goal is to find stocks that will provide good returns, but many people don’t have the time nor expertise to pick stocks. ETFs or exchange-traded funds are investment funds that are traded on a stock exchange, similar to stocks. ETFs that track an index are one alternative that provides diversification, at lower balances, lower transaction costs, and with flexibility. When investing in an index ETF, your returns usually depend on where the broader market goes, rather than individual stocks. An ETF holds the underlying assets of the fund, which could be stocks, commodities or bonds as […]
Graham Tuckwell says active managers are threatened by ETFs
Graham Tuckwell, the Australian Rich Lister behind the world’s first gold exchange traded fund (ETF), has slammed the active funds management industry as his firm gears up for a fresh push into the Australian market. Mr Tuckwell spoke to The Australian Financial Review as he prepares to take full control of a suite of exchange traded funds launched as a joint venture with ANZ. The philanthropist and entrepreneur delivered a broadside to the hordes of stock pickers who underperformed their respective benchmarks and were handsomely paid for their services. “There are a huge amount of active managers being paid 1 per cent to 1.5 per cent for matching or even […]
Why your financial adviser loves ETFs
The next time you chat to a financial adviser about portfolio construction strategies, depending on your investment focus of course, the conversation could very well turn to the use of exchange-traded funds. Advisers have become one of the core drivers behind Australia’s rapidly growing ETFs sector, which at the start of this month edged past $26.6 billion in total assets under management. So far this calendar year about $1.2bn in new investor funds have been channelled into ASX-listed ETFs. Research just released by research firm Investment Trends and ETFs issuer BetaShares shows seven out of 10 advisers are either currently recommending the use of ETFs to their clients or intend […]
