Australians’ love for exchange traded funds this year shows no signs of abating, with that market predicted to reach A$180bn ($118bn) in 2024, according to a new report.
Nearly 60 per cent of investors in the country are aiming to lift their allocation to or make their initial investment in the products during next year’s first half, asset manager VanEck reveals in its annual investor survey, which was conducted in November. Half of investors plan to make ETFs a greater share of their self-managed super fund portfolios.
“We see the ETF market in Australia reaching A$180bn by the end of 2024,” said Arian Neiron, chief executive and managing director at VanEck Asia Pacific.
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