Zenith rates ETFs


Ratings house Zenith has granted "recommended" ratings to BetaShares Australian High Interest Cash ETF and BetaShares Gold Bullion ETF - Currency Hedged.
Delivering its assessment, the ratings house made particular note of the depth and credentials of the BetaShares team.
It described the team as being "well credentialed" as well as being noticeably larger in terms of its domestic base than the majority of ETF providers currently operating in Australia.
Commenting on the rating, BetaShares head of investment strategy Drew Corbett said ETF ratings were a necessary step for the industry to gain broader acceptance with advisers and institutional investors.
"While ETF adoption among financial advisers has been increasing steadily, the most cited barrier for investment in an ETF by planners is the lack of third party research available," he said.
"As the ETF industry matures in Australia, the more research and education we can provide as issuers, the greater the levels of investor acceptance and familiarity there will be, which will ultimately lead to market growth," Corbett said.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.