Investors in exchange-traded funds (ETF) are staying in the market but shifting to more defensive assets in big numbers, resisting the panic-selling phenomenon across global equity markets.
Internal data compiled by ETF managers suggest record numbers of investors are piling into products that provide access to bonds and fixed income investments, rather than joining the market sell-off.
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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
