BetaShares launches new US equities ETF
BetaShares has launched a new product - the BetaShares FTSE RAFI U.S. 1000 exchange traded fund (ETF).
The company is promoting the product as the first US equities ETF traded on the Australian Securities Exchange (ASX) to use the Fundamental Index methodology.
It said the product would trade under the ASX code "QUS" and aimed to provide an investment return that tracks the performance of the FTSE RAFI US 1000 Index before fees and expenses with the equities included in the Index being weighted based on measures of the economic size of each company rather than market capitalisation, and including the largest 1000 securities by ‘fundamental value' amongst US-listed stocks.
It claimed that the methodology used by this index meant that, upon a rebalance, the index would reduce weightings to equities where the market price had increased beyond its economic size and increase weightings to equities where the market price fell below its economic size.
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.