Self-managed superannuation funds (SMSF) account for 25 percent of the Australian exchange-traded fund (ETF) sector, Global Custodian reports. SMSF trustees are drawn to ETFs because of several reasons, including liquidity, transparency and the access they provide to a diversified portfolio, according to Craig Keary, head of equity sales and distribution at Westpac Institutional Bank. About 25 percent of the funds under management in ETFs listed on the Australian Stock Exchange came from SMSFs as of December. These funds represent about a third of the $1.304 trillion superannuation fund industry.
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