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.
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Four Magellan retail funds, the MFG Core Series and the Magellan Sustainable fund, have been listed on the Chi-X Australia exchange.
The Core series comprised of the MFG Core International fund, MFG Core ESG fund and MFG Core Infrastructure fund, which were all managed funds. They would cover international equities, infrastructure and ESG investments.
Meanwhile, the Sustainable fund, managed by Dom Guiliano, was a high conviction, global equities portfolio that delivered lower carbon factor risk than global markets. Magellan chief executive, Brett Cairns, said the firm had seen “considerable interest” in making its sustainable strategy available to the retail market.