Australian ETF assets soar by 50% in a year

Quick Summary:

Australian investors who have allocated to index funds realised A$14.4bn in investment cost savings over the past 26 years, Vanguard’s Investment Strategy Group said in a report last month.

Total assets across Australia’s 394 ETF products rose to a new all-time high of A$226.6bn ($152.4bn) as of end-September, up 48.6 per cent from A$152.2bn at the same time last year, according to Global X.

Vanguard’s DeSanctis noted that Australian investors have continued to flock to ETFs as it is the “quickest and lowest-cost way to access different types of asset classes and offshore markets”, on top of offering diversification and ease of trading.

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Article Details

Author / Journalist: Julienne Raven Lingat

Category: MarketsFinanceInvesting

Markets: United StatesAustralia

Topics: Last Vanguard Year According Global Report Australian Data Etfs Flows Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 04:00:23 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23190744

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