Funds Management News
ETF Sector Hits Record High
Killian Plastow, InvestorDaily
The Australian ETF market sector has reached a record high for funds under management, according to new data released by the ASX.
Total funds under management for exchange-traded products reached $23.16 billion, up from $21.80 billion in April, according to the ASX’s May Managed Funds Report.
BetaShares managing director Alex Vynokur said rallies in the Australian and global share markets have been key drivers of this growth, with an influx of more than $410 million in new money.
The rest of this article can be found at investordaily.com.au.
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