Australian Securities & Investments Comission releases review of ETPs

ASIC has completed a review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors. The review found that the market is generally performing well, and ETPs are meeting the relatively low cost and liquidity expectations of investors.  However, the review identified a range of risks that require monitoring by issuers and oversight by market operators.