Australian ETF products are moving away from cap-weighted equity funds, according to Morningstar (Chicago) director of ETF analysis Scott Burns, Money Management reports. The funds have been attracting more investor interest due to market volatility since 2008 but have a long way to go, Burns said at a Sydney conference. Del Stafford, director U.S. iShares, said advisers seeking to complement an active investment approach should pick ETFs as an option. Australian Securities Investments Commission Chairman Greg Medcraft had recently raised concerns over inadequate awareness of ETF risks.
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