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
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
