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.
AUTHOR
Staff Writer
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
