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AAP
AAP
Derek Rose

Gold adds shine to Australia's growing ETF industry

Gold miners helped propel Australia's ETF industry to one of its strongest performances. (Kim Christian/AAP PHOTOS)

Australia's exchange-traded fund industry is on the cusp of a new milestone, propelled by the growing popularity of the innovative financial instrument.

The ETF industry had a record $299.4 billion in funds under management as of August 31, according to reports by issuers VanEck and Betashares issued on Tuesday and Wednesday.

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