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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
