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BetaShares British Pound ETF

Fund Manager: BetaShares
Inception Date: Jul 01, 2011

Retail investors used the savage Brexit sell-off as a buying opportunity, snapping up "oversold" assets including the ASX and the British pound, according to data from two of Australia's biggest exchange-traded funds providers. ETFs, which track the performance of an index or asset class, are favoured by retail investors for their ease of use and low fees. The ETF market grew 44 per cent between 2013 and 2015, and at the end of May total funds under management in Australia topped $23 billion, according to Vanguard.  Robin Bowerman, Vanguard Australia head of strategy and communications, said on June 24, when the results of the British referendum on European Union membership votes were counted and eventual leave result revealed, trading volumes shot up 192 per cent on its 90-day average.  [More]

To the surprise of everyone except maybe Boris Johnson, with 51.9% of the vote, the UK has voted to leave the European Union. Markets have reacted with expected volatility, and experts clamour to give their view on what this unexpected result means. We’re not in a position to provide our own forecasts, but we will look at some of the ETFs that are sure to be affected by this momentous event.  Currency ETFs Upon the Brexit announcement, the UK pound dropped over 10% against the U ... [More]

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