Lonsec upgrades three ETF Securities funds
Lonsec has upgraded its ratings for three of the ETF Securities funds, which included: the ETFS S&P/ASX 300 High Yield Plus ETF (ZYAU), ETFS Morningstar Global Technology ETF (TECH) and ETFS ROBO Global Robotics and Automation ETF (ROBO).
ZYAU saw its rating change to ‘highly recommended’, while both TECH and ROBO were rewarded by Lonsec with a new ‘recommended’ rating.
The upgrade of ZYAU, which recently passed the $100 million mark in funds under management, would mean this financial product would be considered as a preferred entry point to its asset class or strategy, the firm said.
Lonsec acknowledged its means of gaining exposure to high yielding, large, mid and small-cap equities listed on the Australian Securities Exchange (ASX) and said the rating indicated the fund’s ability to generate risk adjusted returns in line with relevant objectives.
TECH was singled out by the research house due to its investment strategy and strong performance as well as the low-cost exposure to global IT companies it offered, ETF Securities’ chief executive, Kris Walesby, said.
Following this, the upgrade of ROBO was driven by Lonsec’s positive view of the effectiveness of the index’s methodology and operation.
“The underlying index is provided by ROBO Global, an organisation dedicated to the research of the robotics and automation industry,” the research house said in its report.
“Lonsec considers ETF Securities to have in-depth scale and resources to effectively manage and structure ETFs plus a proven track record of successfully running index strategies.”
AUTHOR
Oksana Patron
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
