Australia's ETF market set to double by 2012, says iShares

Sydney
Australian ETF market predicted to double

The burgeoning exchange-traded fund (ETF) market in Australia will double in size by the end of 2012, according to iShares.Australia's ETF industry has already tripled over the past three years, with assets rising to A$3.2 billion (US$2.8 billion) in June 2010 from A$849 million in 2007.

"This is consistent with trends worldwide and we expect this growth to continue," says Deborah Fuhr, London-based global head of ETF research and implementation strategy at BlackRock. "As regulatory changes are

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