BetaShares has announced that three of its flagship funds — the Australia 200 ETF (ASX: A200), the NASDAQ 100 ETF (ASX: NDQ), and the Australian High Interest Cash ETF (ASX: AAA) — all recently passed $3 billion in funds under management (FUM).
According to the fund manager, this year alone has seen A200, NDQ, and AAA collectively receive around $775 million of new money from investors.
In a statement on Monday, BetaShares said the $3 billion asset milestone is a significant one for the Australian exchange traded fund (ETF) industry, with only 11 of the over 330 exchange traded products available on Australian exchanges exceeding the figure.
Citing the recently released ASX Australian Investor Study, BetaShares emphasised that ETFs are among the fastest-growing investment products in the market, with 20 per cent of Australian investors now using ETFs in their portfolios, up from 15 per cent in 2020.
As such, BetaShares chief executive officer, Mr Alex Vynokur, said that an increased number of investors are turning to the firm to build a robust core for their portfolios.
“We’re seeing an ever-increasing number of investors using our innovative investment solutions as core building blocks to gain exposure to international and Australian equities, fixed income and cash within a convenient and cost-effective ETF vehicle,” Mr Vynokur said.
“Each of NDQ, A200, and AAA are helping Australian investors and their financial advisers construct sound investment portfolios. We’re proud to help this growing cohort of investors progress on their long-term financial goals and objectives with robust investment solutions,” he concluded.
The announcement follows the recent additions of the BetaShares Global Shares ETF (ASX: BGBL) and the BetaShares Global Shares Currency Hedged ETF (ASX: HGBL) to its range of investment solutions.
According to the fund manager, the two ETFs have already been well received by investors, with around $60 million held collectively by the two new funds since they started trading on the ASX last month.
They join what BetaShares referred to as a “growing selection of funds”, which includes A200, NDQ, and AAA.