2020 was a record year for Australian ETFs Emma Rapaport | 08 Feb 2021Text size
If you d told me in March that 2020 was going to be a record year for Australia s ETF industry I d tell you to pull the other one. Assets under management fell sharply in the covid-19 market sell-off, with several major asset classes in decline.
But investors defied expectations, exploiting the free-fall in March to boost their allocation to Australian equities ETFs. A dash to safety also attracted inflows to products with exposure to physical gold, while massive rebounds in US growth companies saw a renewed interest in technology-themed products. In all, 2020 was a standout year for Australian ETFs, which attracted $20 billion in new money. The $100 billion milestone is in sight.