Vanguard ETFs hit Australian record amid pandemic
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The world s second-largest asset manager, Vanguard, has reported its best year since entering the Australian market 20 years ago, luring $5.7 billion into its exchange-traded funds as investors sought diversified exposure to wild coronavirus sharemarkets.
The $9 trillion investment manager had a 12 per cent increase in inflows to its core ETF business from Australian investors last year, compared with calendar year 2019.
Of the almost $6 billion invested with Vanguard Australia, $2.3 billion was allocated to its Australian shares ETF, which tracks the return of the S&P/ASX 300 index and charges relatively low investment fees of 0.10 per cent per annum to consumers.