Aussie ETF investors displaying increased appetite for risk
Exchange Traded Fund (ETF) investors in Australia are exhibiting a greater appetite for risk, according to the latest data released by BetaShares, a specialist provider of ETFs which are traded on the Australian Securities Exchange, according to Money Management’s website.
The company's July Australian ETF Review found the industry was up again through the month, exhibiting market capitalisation growth of 4% and net new assets of A$57 million (US$59.66 million). It says this growth had been spurred by renewed interest in Australian equities products.
The report claims that although yield was still popular among investors through high dividend and cash products, there had been greater risk appetite exhibited by investors, with six of the top ten ETFs by creation value being Australian equities-based.
BetaShares says this renewed appetite for investing was indicated by the 5% gain in average trading value for the month.