ETF Securities Australia has announced its assets under management has broken the $1-billion milestone.
According to a statement, its gold exchange-traded fund ETFS Physical Gold provided investors with returns of 6.07 per cent in the last six months and is worth nearly $600 million.
The gold ETF allows “investors to get exposure to the precious metal that investors seek out as a defensive asset in times of crisis,” the statement said.
The asset management company’s robotics and artificial intelligence ETF has around $80 million assets under management and gave a return of 8.74 per cent in the last half year.
Its top 50 European stocks ETF has also reached $70 million assets under management (AUM) and annual returns of 16.69 per cent, while its technology ETF gave investors returns of 11.28 per cent and has approximately $45 million AUM.
Commenting on the announcement, ETF Securities Australia chief executive Kris Walesby said Australian investors had become “more confident and comfortable” with using ETFs to build their portfolios in a cost-effective way.
“ETFs are now a core portfolio allocation for many investors and this will only continue as the range of products becomes more diverse and Australian investors recognise the opportunities that exist around the world to benefit from sectors that offer healthy and reliable returns,” he said.
JP Morgan Asset Management has signed on to a new service from global funds network Calastone, introducing automated settlements to its Morg...
The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for downside economic scenarios. ...
MLC has announced a new licensee network for self-employed advisers and advice businesses as it attempts to create a “more focused and sus...