The numbers you need
... is the value of assets under management of exchange-traded funds (ETFs) in Australia in 2012. According to researcher Cerulli Associates, this is a rise of 33.3 per cent compared with 2011. ETFs are listed investments whose unit price mirrors or tracks the price of sharemarkets, sharemarket sectors, commodities and bonds, including precious metals such as gold. Twenty-five ETFs were launched on the Australian sharemarket in 2012.
20.68 per cent
... is how far shares in Breville have risen so far this quarter, making it the best performer on the ASX 200. Shares in the electrical goods maker, less than $5.50 in March, are trading above $7.
£20
... is how much some British prostitutes are charging. According to The Economist, the troubled economy is driving more women into prostitution, with the market becoming so saturated that prices are plummeting. "It's stupidly competitive right now," one working woman says. Some "backstreet" sex workers are charging as little as £20 ($31).
Frequently Asked Questions about this Article…
According to researcher Cerulli Associates, exchange-traded funds (ETFs) in Australia had about $6.4 billion in assets under management in 2012.
ETF assets in Australia rose 33.3% in 2012 compared with 2011, reflecting strong growth in the local ETF market that year.
Twenty-five ETFs were launched on the Australian sharemarket during 2012, expanding the range of listed products available to investors.
ETFs, or exchange-traded funds, are listed investments whose unit price mirrors or tracks the price of sharemarkets, sharemarket sectors, commodities and bonds — including precious metals such as gold.
Yes. The article notes that ETFs can track commodities and bonds and specifically mentions precious metals such as gold as examples of underlying assets.
Shares in Breville rose 20.68% so far that quarter, making it the best performer on the ASX 200. The stock moved from less than $5.50 in March to trading above $7.
Yes. The article identifies Breville as the best performer on the ASX 200 for the quarter, with a gain of 20.68%.
The article cites The Economist reporting some British sex workers charging as little as £20 because the troubled economy drove more women into the trade, saturating the market and pushing prices down — a straightforward example of how oversupply can lead to steep price competition.
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