BetaShares has announced a launch of its new Australian shares exchange traded fund (ETF), the BetaShares Australia 200 ETF (A200) which will trade on the Australian Securities Exchange (ASX) and which has been described as the world’s lowest cost Australian shares ETF.
The firm said that A200’s management costs were half that of the current lowest-fee Australian shares ETF available on the ASX, with management costs of only 0.14 per cent per annum.
The fund would offer investors exposure to 200 of the largest companies listed on the ASX by market capitalisation in a single trade, with management costs of only 0.07 per cent per annum.
Commenting on the launch, BetaShares’ chief executive, Alex Vynokur, said A200 it would investors with a core, low cost exposure to Australian shares.
“A200 is a game-changer for the Australian wealth management industry, significantly reducing the cost of investing in a diversified portfolio of Australian shares.
“BetaShares is a business that was born and bred in Australia. We remain focussed on the development and growth of the local ETF market, helping Australians build robust, diversified and cost-effective investment portfolios,’ he said.
Vynokur said he believed A200 would significantly reduce the cost of ownership of a diversified portfolio of Australian shares, both for institutional and retail investors.
“We are experiencing significant growth in demand from retail investors, institutional investors and financial advisers for cost effective investment solutions across a range of asset classes and strategies,” he added.
