SPDR ETFs garner A$3bn in Australia

This reflects an increase in AUM of more than 50% over the past year, surging past the A$1.9bn in assets at the end of July in 2009. The firm says there has been growing demand for the SPDR ETF range, especially from the retail investor segment, where AUM has risen by 70% over the year. SSgA's SPDR ETFs represented around 80% of total AUM of all ETFs in the Australian market at July 31, according to the Australian Securities Exchange. The firm's largest ETF is the SPDR S&P/ASX 200, with AUM reaching A$2.48bn, up from A$1.7bn a year ago.