The number of Australians investing in exchange-traded funds surged 33 per cent to 1.73 million this year, as the booming market looks set to add another 275,000 consumers next year.
The number of Australians invested in exchange-traded funds surged 33 per cent to 1.73 million this year, according to new research, as the booming market looks set to add another 275,000 consumers next year.
More than half of investors aged 18 to 34 are invested in ETFs, up 18 per cent over the past year. That compared to just 30 per cent of investors over 55 – although that cohort’s ETF usage also increased, by 3 per cent last year. Almost one-third of female investors are in ETFs, up 13 per cent. “We have under-estimated the growth,” Mr Brycki said, adding that Stockspot’s own projection was that the market would surpass $100 billion in funds under management much more slowly than it has.
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