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Australian ETF industry passes AUD8bn milestone


The Australian exchange-traded fund industry has passed the AUD8bn mark for the first time, according to figures released by ETF provider BetaShares.

The total value of ETFs trading on the Australian Securities Exchange (ASX) rose to AUD8.25bn in July, the 10th consecutive month ASX-listed ETFs assets have reached record highs. According to BetaShares, further growth is expected.
"We expect to continue to see a greater level of product launch activity in the second half of the year, as the Australian market continues to mature," says BetaShares managing director Alex Vynokur.

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