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SPDR S&P World Ex Australia Fund

Fund Manager: State Street Global Advisors
Inception Date: Mar 01, 2013

Australia's exchange-traded fund market is booming and investors are reaping the rewards with lower fees and greater investment choice. The local ETF market more than doubled in size to $21.09 billion in the two years ended 2015, with the strongest inflows split equally between Australian equities and international equities ($1.7 billion each). "It's gone from being an obscure investment that most people had never heard about to being something that a significant part of the SMSF and self-directed market, as well as the adviser market, is now adopting," BetaShares managing director Alex Vynokur says. While investment markets have remained volatile in 2016, the ETF industry continued to post net inflows in January and February as interest turned towards "risk-off" gold and cash ETFs, Vynokur says.   Market Vectors ETFs' managing director Arian Neiron​ says the ability for intra-day trading, combined with low fees in a transparent structure, is resonating with investors. [More]

The first exchange traded fund (ETF) listed in Australia will now see its fees slashed by State Street Global Advisors (SSGA) to reflect the growing attraction of ETFs to mainstream investors. SSGA has announced it will be reducing the fees of the SPDR S&P/ASX 200 Fund (Ticker: STW) from 0.286 per cent per annum down to 0.19 per cent per annum, following a spate of similar fee reductions across the asset manager's global ETF product suite, including the ASX listed SPDR S&P world ex Australia hedged fund and the SPDR S&P world ex Australia fund. Amanda Skelly, head of SPDR ETFs for Australia, said that STW remains the "cornerstone exchange traded fund" of the industry. [More]

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