BNP lists four ETFs
BNP Paribas Asset Management has listed Australia’s first actively managed Exchange Traded Funds (ETF’s).
The four funds, released under the banner of Access funds, will provide retail investors with the benefit of both a listed stock and an unlisted managed fund.
In April this year, the group rolled out the four funds which were not only a first for Australia, but the first active ETFs in the world outside of Europe.
The group’s Access funds, Australian Equities (AXSBAE), Smaller Companies (AXSBSC), Global Equities (AXSMGE) and a balanced portfolio (AXSBMD) also enable retail investors entry to BNP Paribas’s existing wholesale funds.
ETFs made their world debut in November 2000 when Dutch based Die Wertpapier Spezialisten (DWS), an investment arm of the Deutsche Bank Group launched 11 active funds.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
