Global healthcare and agricultural ETFs launch
Australian exchange traded fund (ETF) provider, BetaShares, has launched two new ETFs that track the global healthcare and global agricultural sectors.
The ETFs aimed to minimise currency fluctuations on portfolio performance, and they were both hedged to Australian dollars.
BetaShares Global Healthcare ETF — currency hedged (ASX: DRUG), tracked the performance of an index that included 60 of the largest global healthcare companies (ex-Australia).
BetaShares managing director, Alex Vynokur, said the index could tap into the global growth in the health care sector, which was driven by rising living standards, the ageing population and improvements in innovation and technology.
As the world population grew, agricultural firms were well placed to benefit from the growing global demand for food, Vynokur said.
Investors had the potential to generate positive returns, even though food prices remained stable. With one investment, they could now gain exposure to global agricultural power houses, Vynokur said.
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.
