BetaShares launches Aussie tech ETF

ETF/BetaShares/technology/tech/fund-launch/exchange-traded-fund/Alex-Vynokur/

26 February 2020
| By Oksana Patron |
image
image
expand image

BetaShares has launched its first technology-focused exchange traded fund (ETF), the BetaShares S&P/ASX Australian Technology ETF (ATEC), to provide access to ASX-listed tech companies.

The fund would track the S&P/ASX All Technology Index which provided exposure to a range of tech-related segments such as information technology, consumer electronics, online retail and medical technology. It also included companies that had a market cap of at least $120 million, exceed minimum liquidity threshholds and were a part of broad technology sub-sector classifications.

“We are excited to be able to give Australian investors the chance to invest in a diversified portfolio of ASX-listed technology companies,” BetaShares’ chief executive, Alex Vynokur, said.

“Technology has been one of the standout industry sectors globally and Australia’s dynamic technology sector has been growing rapidly. Our new fund will deliver a simple, cost-effective way to get exposure to the exciting opportunities this sector offers while additionally providing important sector diversification benefits that many investors’ portfolios may lack.”

Commenting, Max Cunningham, executive general manager, listings and issuer services at ASX, said: “The launch of the BetaShares ETF validates the growing market interest in technology stocks. It will enhance the profile and understanding of listed technology companies in Australia, and increase opportunities for investors”.

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?...

2 months ago

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

2 months 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....

4 weeks 1 day 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...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS