Australia's largest ETF ‘highly recommended’
One of Australia's oldest and largest exchange traded fund (ETF) has received a ‘highly recommended' rating from ratings agency, Lonsec Research.
The State Street Global Advisors' ETF business, SPDR, managed the S&P/ASX 200 fund (STW) that was Australia's largest ETF, with $2.8 billion in assets under management.
It was also the first ETF that launched on the Australian Securities Exchange (ASX) 15 years ago, alongside SPDR's S&P/ASX 50 fund, the ETF manager said.
Lonsec said it had very strong conviction that STW could generate risk adjusted returns in line with its objectives.
The ratings house also said the fund was also considered to be priced at a preferred entry point for its asset class/strategy.
In the rating report, Lonsec also said "the fund was an efficient, liquid and cost effective means for investors to gain index exposure to Australian equity markets".
SPDR's S&P ASX 200 has outperformed the index by two per cent, according to the Money Management Investment Centre (MMIC).
For more information about the fund, or to see how it has performed since 2012, click here.
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
