Exchange-traded fund (ETF) manager BetaShares has surpassed the $20 billion mark in assets under management (AUM), achieving the feat in just over 10 years since its inception.
BetaShares secured its first $10 billion in AUM over a period of nine years, while managing to double this figure in 18 months.
“We are very pleased to reach this milestone and feel honoured to have been entrusted with helping to achieve the financial objectives of so many Australians. We recognise the breadth of our investor base – and are proud to assist many young Australians start their wealth-creation journey, while also helping more experienced investors achieve their financial goals and head into retirement with confidence, particularly during this time of uncertainty,” BetaShares chief executive Alex Vynokur said.
Vynokur attributed the achievement to certain thematic ETFs in the manager’s suite of offerings.
“While recent flows have been strong across the board, we have seen particularly strong flows into our market-leading range of ethical ETFs, which have taken in over $900 million this year, and also into our technology funds. Our Nasdaq-100 ETF (NDQ), for example, has received inflows of around $500 million this year to date, and now has well over $2 billion in AUM, while our Global Sustainability Leaders ETF (ETHI) is also approaching the $2 billion mark,” he revealed.
According to Vynokur, BetaShares remains committed to a path of innovation and predicted the Australian ETF sector will manage around $136 billion in assets by the end of 2021.
“Our vision for the decade ahead is to continue our development as a leading, independent Australian financial services business, offering a wide range of quality solutions to help our clients reach their financial goals. While our growth so far has been very humbling, we still feel like we’re just getting started,” he said.
