17.08.2015 - ETF industry grows by $1.3bn in July
According to BetaShares' Australian ETF Review, the industry increased by 7.0 per cent in July, with $700 million attributed to new money inflows. BetaShares managing director Alex Vynokur said: “It is pleasing to see that investor appetite for exchange-traded products in Australia is stronger than ever, resulting in the fastest monthly industry growth we’ve experienced to date occurring in July.” “We’re also seeing Australian investors continuing to embrace exchange-traded products as a means to access overseas equity markets.” The review found that investors are moving towards a preference for international equities – over 50 per cent of the month’s inflows were allocated overseas...............................................Full Article: Source
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