ANZ US ETF gets Lonsec tick of approval
The S&P 500 High Yield Low Volatility Exchange Traded Fund is the fifth of ANZ's ETFS' to receive a ‘recommended' rating from ratings house Lonsec and tracks the 50 highest return US stocks with low volatility/defensive bias.
Following the upgrades of the ANZ ETFS Physical US Dollar ETF, Physical Renminbi ETF and Physical Gold ETF to ‘recommended' by Lonsec last June, ANZ's latest offering (ASX:ZYUS)aimed to participate in equity market upside while withstanding expecting growth declines and volatility.
Lonsec said the methodology behind the fund was "relatively straightforward and intuitive," and that it offered an effective method for investors to gain exposure to high-yielding, low volatility US equities.
"ZYUS investors have reaped the benefit of looking offshore for higher yielding opportunities through a transparent, low cost ASX-quoted vehicle," said ANZ ETFS head, Kris Walesby.
"[This] is a pleasing development, and reflects the overall strength of our offering to Australian investors.
"We are committed to launching more of these high quality products to help investors diversify their portfolios."
AUTHOR
Hope William-Smith
Recommended for you
Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.
As investors seek to diversify their portfolios, the naming of bond labels has broadened out to include green, social and impact bonds, according to the annual RIAA report.
Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million.
Metrics Credit Partners is expanding its private credit fund range with a managed fund for retail investors following investor demand.
