Alex Vynokur, co-founder of Betashares, has grown the company into one of Australia's largest ETF providers. He discusses the company's success, future plans for growth in Asia and the global rise of ETFs.
For the past 14 years, Alex Vynokur, the co-founder of Betashares, has quietly built his company into one of the largest local providers of exchange-traded funds and one of the country’s fastest growing asset managers. In 2024, Betashares attracted inflows of $16 billion, lifting its total funds under management to $46 billion. The focus for the past decade has very much been about building out the core ETF capability, explains Vynokur.
We are now a steward of significant capital on behalf of more than 1 million Australian investors and over two-thirds of financial advisors. Betashares now accounts for one-third of every dollar that goes into the Australian ETF industry, according to Vynokur, and is eyeing growth in Asia. An ETF is a basket of securities that are pooled into one fund, which is traded on a stock exchange. An investor in an ETF doesn’t own the securities, instead owning units in the ETF, while the ETF provider owns the shares or assets. ETFs have grown in popularity with investors because they are cost-effective and offer exposure to thousands of diversified assets, such as a group of defence stocks, or the ASX200 index, or a variety of bonds. Globally, ETFs have had a banner year with more than $1 trillion invested into the sector, which is now worth an estimated $14 trillion. Vynokur and his family arrived in Australia from Ukraine more than three decades ago, at the time when ETFs launched. He was a teenager, and his family came with just a few hundred dollars in their pockets. Vynokur became a lawyer, then moved into venture capital, before co-founding Betashares with David Nathanson, also a former lawyer and investment banker, who had worked at Goldman Sachs and Macquarie.Alex Vynokur, Betashares co-founder As with any start-up, Vynokur and Nathanson put in enormous hours to build the company to where it is today, as Australia’s second-largest ETF provider behind market leader Vanguar
FINANCIAL MARKETS Etfs INVESTMENT AUSTRALIA STARTUP
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Markets Soar on Trump Victory and ETF ApprovalGlobal markets witnessed a year of remarkable volatility, with cryptocurrencies experiencing a meteoric rise, fueled by the US approval of Bitcoin ETFs and Donald Trump's victory in the November election.
Read more »
Blur Bassist Alex James on Oasis and the Joy of Reuniting with BlurAlex James, Blur's bassist, expresses his admiration for Liam Gallagher and shares the journey of reuniting with Blur after years of hiatus, along with his experiences running the Big Feastival.
Read more »
Over the Rainbow by Alex James review – blessed is Blur’s cheesemakerThe Britpop bass player’s engaging memoir of the last Blur reunion reads like a freewheeling adventure without consequences – except when he crosses ‘the boss’
Read more »
Australia vs India: Alex Carey surprised by reaction to first-Test loss in Border-Gavaskar TrophyAustralia wicketkeeper Alex Carey says he is surprised by the intense reaction to the first-Test loss against India, saying the team has plenty of time to bounce back in the five-Test Border-Gavaskar series.
Read more »
Alex de Minaur issues injury update weeks out from Australian Open7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Adelaide Councillor Henry Davis to Challenge Senate Frontrunner Alex Antic's ChoiceAdelaide city councillor Henry Davis, known for his drag parody of the city's lord mayor, plans to challenge the frontrunner, conservative senator Alex Antic, who wants to install state party president Leah Blyth as the replacement for Simon Birmingham's Senate seat.
Read more »