BetaShares to launch e-commerce ETF
BetaShares has announced the addition of the BetaShares Online Retail and E-Commerce (IBUY) exchange traded fund (ETF) to its range of thematic funds.
The ETF would be made available on the Australian Stock Exchange (ASX) on 16 February 2022, subject to regulatory approval.
Targeting the online shopping and e-commerce megatrend, IBUY would be an Australian-first, providing exposure to up to 100 leading global e-commerce companies.
To qualify for inclusion, companies must derive at least 65% of revenues from online retail, travel or marketplace platforms, including Amazon, PayPal, Ebay, Tencent and Alibaba, Airbnb, Spotify and HelloFresh.
BetaShares chief executive, Alex Vynokur, said online retailing and e-commerce continued to change the way consumers bought their favourite goods and services.
“IBUY will offer investors convenient access to a diversified portfolio of global online retailing leaders that are revolutionising the way consumers shop for goods and services. Even as the global economy reopens, more consumers than ever before are buying their goods and services online,” he said.
“This trend is set to continue as people seek out more convenient ways to access the latest goods and services from around the world.”
AUTHOR
Liam Cormican
Recommended for you
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
