marketsmedia: Market Cap of ETFs on ASX Approaches $200bn

https://www.marketsmedia.com/market-cap-of-etfs-on-asx-approaches-200bn/

ASX exchange traded funds (ETF) has surged with total funds under management (FUM) growing 36% to $199 billion in the 12 months ended 30 June 2024. An ETF trades on ASX like an ordinary share but it is an open-ended investment that usually tracks a basket of securities or other asset classes such as gold. Investors are often attracted to ETFs for their ability to offer diversification to an investment portfolio and this trend has continued with 59 new products admitted in the financial year, bringing the total number of ETFs available to 351.

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