Christopher Niesche: Rise of exchange traded funds threat to fund managers
18 Apr, 2021 05:00 PM
4 minutes to read
Like icecream, exchange traded funds come in an impressive array of flavours . Photo / Michael Craig
Like icecream, exchange traded funds come in an impressive array of flavours . Photo / Michael Craig
NZ Herald
Day traders, short sellers and tech investors usually hog the headlines in the investing and share market pages, but one investment category has been quietly surging over the past year the exchange traded fund.
Australian investors now hold almost A$103 billion ($111.7b) in local exchange traded funds, having added A$8b to their holdings in the first quarter of 2021.