Business
AMP Capital kills off ETFs – The Australian Financial Review
The company has junked all its exchange-traded funds from the Australian Securities Exchange after the ETFs failed to attract investors over a four-year period.
That compared to the $227 million assembled in four Legg Mason ETFs, which also partnered with BetaShares, which the group achieved in just two years.
“Rationalisation of our funds is a normal part of our business,” an AMP spokeswoman said.
“AMP Capital regularly reviews its product set to ensure products remain competitive and they meet the ongoing needs of investors,” AMP said.
“While we have made the decision to terminate the Active ETFs, we may launch new Active ETFs in the future should the…
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