Powered by MOMENTUM MEDIA
investor daily logo

More ETFs to come to Australia

  •  
By
  •  
2 minute read

More United States exchange-traded fund (ETF) issuers have signalled interest in listing their products in Australia.

Providers rumoured to be considering the Australian market include WisdomTree, ProShares, PowerShares, PIMCO, Claymore and Rydex.

"WisdomTree is considering listing some of our ETFs in Australia," a WisdomTree spokesperson said.

The company's ETFs include Emerging Markets Small Cap Dividend, International Large Cap Dividend, US Total Earnings, International Real Estate and a range of currency ETFs such as Chinese yuan and South African rand.

At the same time, State Street Global Advisors (SSGA) reported a 100 per cent rise in funds under management (FUM) for its ETF products, with assets reaching $2.65 billion over the year to 31 March.

==
==

SSGA's ETF products now account for more than 80 per cent of total ETF assets offered in Australia.

The FUM of ETFs on the Australian Securities Exchange (ASX) soared 150 per cent to $3.3 billion in the 12 months to March, according to ASX data.