SMSFs are increasingly turning to Exchange Traded Funds (ETFs), according to Vinnie Wadhera, BetaShares Director for Institutional Business & National Accounts.
Mr Wadhera told the 2016 Class. CUP. Connect conference that there had been an “exponential, accelerated growth of investments in ETFs just in the last few years”.
He ascribed this growth to more choice being available to Australian investors, regulatory reforms – including FOFA and MySuper, requiring advisors to look at lower-cost options – and SMSFs.