Why younger Aussies are turning to ETFs | ABC NEWS
The Australian Securities Exchange (ASX) added a record 72 exchange traded funds (ETFs) to its boards last financial year, up from 50 listings the previous 12 months.
ETFs are pooled investment funds that typically follow an index or a sector. They’ve risen in popularity in recent years, with $350 billion under management.
ASX senior manager Rory Cunningham says there’s widespread interest in ETFs from younger investors, high-net-worth investors and self-managed super funds.
ETFs are easily accessible and affordable, but analysts warn these investments come with risk.
Forager Funds chief investment officer Steve Johnson says a lot of investor enthusiasm is around technology and, specifically, AI-related ETFs, which in some cases are no different to gambling, set up to allow investors to bet on the latest, hottest trend.
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