An ASX statement indicated that funds under management (FUM) comprising ETPs have doubled in the past two years, from $4.9 billion in December 2011 to $10 billion today.
The ASX believes this could be the result of increased awareness among both retail and institutional investors and an expanded product offering including international exchange-traded funds (ETFs) which have performed strongly.
Equity market growth and the falling Australian dollar have also had a positive effect on ETPs providing international exposure.
According to the December ASX report Spotlight on ETPs, Australian broad-based ETPs represent the largest share of FUM at 36.8 per cent, followed by broad-based international ETPs at 31.8 per cent.
Australian broad-based ETPs experienced fund inflows of $96.03 million and broad-based international ETPs had fund inflows of $80.8 million.
The issuer with the largest FUM was iShares with $3.61 billion, followed by StateStreet at $3.27 billion and then Vanguard at $1.4997 billion.
ASX business development manager Jonathan Morgan said the ASX is committed to providing an extensive range of investment options for Australians.
“The strong growth in ETPs demonstrates that investors are increasingly looking for investment opportunities that enable them to diversify their portfolios,” said Mr Morgan.
“In reaching this milestone, we congratulate our issuers who have created an increasingly diverse range of products across a broad spectrum of sectors and investment styles.”
