While Covid panicked share markets in early 2020, BetaShares ETFs co-founder Alex Vynokur says a curious thing happened: it was markedly less so in ETF investing.
In fact he had managed to grow to $10 billion in Funds under Management (FUM) within BetaShares’ first decade, but somewhere in these past 2, pandemic-dominated years their FUM skyrocketed to $20billion.
The reason? Well it’s a revolution called Millennials and Gen Z’ers, who are flocking to invest in ETFs.
Alex Vynokur calls this trend “democratised access to wealth creation for young Australians”, many of whom feel locked out of home ownership. Index fund managers like BetaShares are reaping the benefit. Alex also gives his tips and insights into the emerging trends in ETFs.
See omnystudio.com/listener for privacy information.
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By Helen Dalley
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While Covid panicked share markets in early 2020, BetaShares ETFs co-founder Alex Vynokur says a curious thing happened: it was markedly less so in ETF investing.
In fact he had managed to grow to $10 billion in Funds under Management (FUM) within BetaShares’ first decade, but somewhere in these past 2, pandemic-dominated years their FUM skyrocketed to $20billion.
The reason? Well it’s a revolution called Millennials and Gen Z’ers, who are flocking to invest in ETFs.
Alex Vynokur calls this trend “democratised access to wealth creation for young Australians”, many of whom feel locked out of home ownership. Index fund managers like BetaShares are reaping the benefit. Alex also gives his tips and insights into the emerging trends in ETFs.
See omnystudio.com/listener for privacy information.
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