ETF Money Flows Into Australia Surged to Record Last Week: Chart
A man relaxes opposite the Sydney Opera House on May 13, 2014. The latest IMF forecast has the Australian economy growing at 2.6 percent in 2014, down from previous expectations of 2.8 percent. AFP PHOTO / Saeed KHAN (Photo credit should read SAEED KHAN/AFP/Getty Images)
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U.S. listed exchange-traded funds poured a record $250 million into Australia last week. The rebound in commodities prices since early this year, coupled with easy monetary policy, may be attracting traders and investors to the mining-rich nation. Year to date, inflows into Australia ETFs totalled $1.4 billion, compared to outflows of $5.6 billion from Japan and $1.2 billion from China.