Advisers expect a surge in demand for ETFs this year, as the Australian market moves from commission based selling to fee for service models, according to Russell Investments.
The investment firm says 85% of brokers and advisers expect an increase in ETF allocations during this year and next, while Russell believes the ETF market will double in the coming year. Around 89% of respondents say ETFs are a suitable product for fee for service models. The survey also shows seven in 10 brokers and advisers allocate less than five percent of their client's portfolios to ETFs, indicating strong growth potential in the market. The survey was conducted in line with the launch of Russell's High Dividend Australian Shares ETF, tracking 50 blue chips with a bias towar...
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