BetaShares ETFs ‘recommended’
Exchange traded fund (ETF) specialist BetaShares announced this week that it had been awarded two further ‘Recommended Index' ratings from Lonsec.
The company said this included Australia's first fundamental index ETF, which had been rated for the first time, while the BetaShares Commodities Basket ETF was upgraded from ‘Investment Grade Index' to ‘Recommended Index'.
It said BetaShares FTSE RAFI Australia 200 ETF was designed to provide investors with an exposure to the top 200 companies listed on the Australian Securities Exchange, weighted in a way that was reflective of their economic footprint rather than their market capitalisation, known as fundamental indexing.
The BetaShares Commodities Basket ETF aims to provide exposure to the performance of a diversified basket of commodities, with Lonsec saying it had upgraded the rating partly due to its consistently low tracking error.
Commenting on the development, BetaShares managing director Alex Vynokur said the Lonsec ratings highlighted the robust nature of BetaShares' systems and infrastructure in offering exchange traded products as well as the benefits of the Fundamental Indexing approach.
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
