America embraces ETFs

Australian investors watching the US market for clues on investment patterns should note the huge take-up of ETFs.

PORTFOLIO POINT: Exchange-traded funds are growing fast, and now account for more than half the daily trades on US sharemarkets.

Australian investors who want to take advantage of their new offshore buying power, not to mention a rally on Wall Street that has eclipsed rises on the ASX, could learn a few lessons from mums and dads across the Pacific.

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