Australian ETF giant cracks $50 bill FUM

Betashares says it has reached A$50 billion in funds under management, marking a significant milestone for the business.

The company is currently transforming into a diversified financial services business, in partnership with a growing client base of more than one million investors and financial advisers.

While it offers PIE funds in New Zealand it also has managed accounts, diversified portfolios, and an investment platform, Betashares Direct. The company has recently expanded into Australia’s $3.9 trillion superannuation industry, with the acquisition of Bendigo Superannuation.

The company was launched in December 2010 and has grown ETF assets under management by 56.9% annually, outpacing the broader ETF industry, which has grown by 31.5% annually in that time.