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AAP
AAP
Derek Rose

Australian ETF industry surges past $300b milestone

United States Australia ETF Exchange Traded Fund VanEck
The exchange traded fund industry is becoming increasingly popular among investors. (Dave Hunt/AAP PHOTOS)

Australia's exchange traded fund industry has surged past $300 billion in funds under management, a new record in a year full of them.

Australia's ETF industry had $309.3 billion in funds under management at the end of September, up $9.9 billion, or 3.3 per cent, from a month ago, Australian ETF issuer Betashares said in a report.

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