BetaShares to launch e-commerce ETF

BetaShares/Alex-Vynokur/

4 February 2022
| By Liam Cormican |
image
image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 month 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 3 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 2 days ago

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director....

1 month ago

TOP PERFORMING FUNDS