Three Betashares funds pass $3bn in FUM

Betashares has announced that three of its exchange traded funds (ETFs) have passed $3 billion in funds under management (FUM) each and since the start of the year these three funds have collectively received approximately $775 million of new money.

The three ETFs are the Australia 200 ETF (A200), the NASDAQ 100 ETF (NDQ) and the Australian High Interest Cash ETF (AAA).

The firm said that, according to the recent study by the ASX Australian Investor, ETFs were amongst the fastest growing investment products in the market, with 20% of Australian investors now using ETFs in their investment portfolios, which was up 15% in 2020.

According to Betashares, the $3 billion asset milestone was a significant one in the Australian ETF industry, with only 11 (or ~3%) of the over 330 exchange traded products available on Australian exchanges exceeding that figure.

“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,” Betashares chief executive, Alex 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,” Vynokur concluded.