Home-grown exchange-traded funds have now amassed almost $103 billion in investor assets, adding $8 billion in the first quarter of 2021, as the Robinhood generation of new investors chases relatively low-cost exposure to volatile coronavirus financial markets.
ETFs listed in Australia held $102.8 billion in assets at the end of March, according to analysis of both Australian Securities Exchange and Chi-X data by ETF provider BetaShares.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
