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0 0.000173010380622803 8.650519031134E-05 7.26643598615453E-05 8.650519031134E-05 8.650519031134E-05 0.000173010380622803 8.650519031134E-05
Stock impact report

Stocks Comeback Boosts Australian ETF Market to Near Record Size [BNN Bloomberg (Canada)]

Vanguard Short-Term Treasury ETF (VGSH) 
Company Research Source: BNN Bloomberg
The market cap of the country's ETF industry surged 5.9% last month, jumping by A$7.3 billion ($4.9 billion) to A$131.7 billion, according to recent analysis by BetaShares. It was the biggest increase in dollar terms on record, and left it about A$5 billion short of its all-time high of A$136.9 billion, posted last December. Crucially, most of the dollar gain came from a rally in Australian stocks, a move that's extended into November -- meaning another big surge in market cap is likely already well underway. A new record size for the industry would be the culmination of gathering trends in Australia, where investors are increasingly turning to the low-cost, often passive vehicles. It's a snapshot of a global movement: PwC forecast the worldwide ETF market could top $20 trillion by 2026. “Two decades ago if you went into an equivalent managed fund, it would be a million dollars and you're looking at a fee of 34 basis points, versus an ETF now of 10 basis points,” said Enid Lal, Show less Read more
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