BetaShares expands product suite
BetaShares is expanding its global shares product suite by launching a range of new international exchange-traded funds (ETFs) which will offer exposure to Asian technology, blockchain, innovators, robotics and artificial intelligence.
The three new ETFs were expected to launch soon on the Australian Securities Exchange (ASX) as:
- BetaShares Asia technology Tigers ETF (ASIA)
- BetaShares global blockchain innovators ETF (BLOK)
- BetaShares global robotics and artificial intelligence ETF (RBTZ)
ASIA would provide investors with an exposure to the largest 50 Asian (ex-Japan) technology companies, such as Alibaba, JD.com, Tencent and Baidu, while BLOK would aim to provide access to an index of global companies operating across the development, research or utilisation of blockchain technologies.
At the same time, RBTZ would focus on the global robotics and artificial intelligence (AI) sector, with an aim to track the performance of an index of companies involved in the production or use of robotics and automation services.
According to the BetaShares 2018 half-year ETF report, international equities received $941 million of net inflows in the six months to 30 June, almost double the amount flowing to Australian equities.
The firm also said it planned to follow the technology-specific funds with a range of additional international equities ETFs in the near future.
BetaShares’ chief executive, Alex Vynokur said the new funds would capture some of the most exciting growth stories in the world today and would help expand the range of technology-oriented ETFs available on the ASX.
AUTHOR
Oksana Patron
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