When was the first exchange-traded fund listed in Australia?

A) 1989
B) 1993
C) 2001
D) 2005

Question

When was the first exchange-traded fund listed in Australia?

A) 1989
B) 1993
C) 2001
D) 2005

Quizplus · Accepted Answer

Exchange-traded funds (ETFs)are managed funds that are listed on the stock market.Essentially they are a hybrid between a listed security and an open-ended fund.They trade on the stock exchange just like any stock.The first ETFs were listed in Canada in 1989,followed by listings in the USA in 1993.Most exchanges now allow for ETFs to list.ETFs now represent around $250 billion on the global markets.ETFs have been slow to catch on in Australia,with the first ETF listed in March 2001.At the end of 2005,there were six ETFs listed on the Australian Stock Exchange.

When Was the First Exchange-Traded Fund Listed in Australia