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
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
