Press Release: ETF Securities reaches $1 billion assets under management
Apr 26, 2018
SYDNEY, April 27 - ETF Securities Australia is pleased to announce that assets under management has reached $1 billion as investors continue to look for easy, transparent and low-cost access to a range of asset classes as they build their portfolios.
Founded by Australian philanthropist Graham Tuckwell, ETF Securities created the first commodity ETF with a gold exchange traded fund when launched which allowed investors to get exposure to the precious metal that investors seek out as a defensive asset in times of crisis.
ETFS Physical Gold, which trades on the ASX under the ticker GOLD, is now worth almost $600 million and continues to attract flows as investors increasingly worry about rising global interest rates and geopolitical risk. GOLD has returned 6.07 percent to investors in the past six months based on the attached Weekly ETF Market Monitor report ending April 20, 2018.
‘’It is significant that each year Australian investors become more confident and comfortable each using ETFs to build their portfolios in a simple and low-cost way’’ said Kris Walesby, CEO, ETF Securities Australia.
“ETFs are now a core portfolio allocation for many investors and this will only continue as the range of products becomes more diverse and Australian investors recognise the opportunities that exist around the world to benefit from sectors that offer healthy and reliable returns,” Mr Walesby said.
Among its product offering to investors, ETF Securities’ robotics and artificial intelligence product (ROBO) now has about $80 million under management as investors look to target high growth assets. ROBO has returned 8.74 percent in the most recent six months while its TECH product now has about $45 million AUM and has achieved a return of 11.28 percent.
The shift to passive management has also helped the EURO STOXX 50® ETF (ESTX) reach approximately $70 million AUM (and an annual return of 16.69 percent) while Australian shares and US high yield ETFs have also enjoyed healthy inflows as investors look for growth and a reliable dividend.