BetaShares surpasses $1 billion in funds under management

Alex Vynokur

Alex Vynokur

BetaShares, a leading Australian ETF provider, has surpassed $1 billion in funds under management (FUM), three and a half years after launching its first products in the Australian market.

BetaShares launched its first ETF in December 2010, and has since become the fastest-growing local provider of exchange traded funds, with 13 different products currently available to Australian investors, including equities, currency, commodities and cash exposures.

Managing Director Alex Vynokur said that reaching $1 billion in FUM was a milestone achievement for the company, and proof that Australian investors are increasingly adopting the low cost, transparent investment solutions that exchange traded funds provide.

“Since its inception BetaShares’ aim has been to broaden the universe of investment options available to Australian investors, creating simple to use, low-cost products that can help investors construct more diversified, robust investment portfolios” said Mr Vynokur.

“As we enter our next phase of maturity we will continue to develop new investment tools to meet the needs of Australian investors.”

The announcement comes off the back of a period of significant growth for the Australian ETF market as a whole, which has now reached over $10.5 billion in funds under management.

“In the years since the launch of BetaShares, we have seen the Australian ETF market double in size, with 90 different products now available on the ASX, covering exposures as diverse as fixed income, commodities, currency and international equities,” said Mr Vynokur.

“We are pleased that we have been able to play an instrumental role in the development of the Australian ETF landscape.”

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