New ETFs to meet investor demand
The Australian exchange traded fund (ETF) provider, BetaShares, says it has launched Australia's first global energy ETF, and that more global industry sector ETFs will follow.
The ‘global energy companies ETF' would trade under the ASX code FUEL, and aimed to provide exposure to the largest energy companies in the world, which included Exxon, Chevron, Royal Dutch Shell, BP and Total.
The fund manager said FUEL was launched as part of a new ETF family series which would give investors exposure to the world's most important industry sectors.
Other ETFs that would be launched over the coming months tracked leading global companies in sectors that included agriculture, healthcare, gold and the banks (ex-Australia).
BetaShares managing director, Alex Vynokur, said the global energy fund and the other ETFs were built on the back of strong investor demand.
"According to BetaShares/Investment Trends ETF Report 2015, access to overseas markets is the second most important reason individual investors seek out ETFs, after diversification domestically," Vynokur said.
FUEL allowed investors to tap into global energy powerhouses in a convenient and cost effective way, he said.
"The launch of our global sector ETFs, together with the recent funds developed in alliance with AMP Capital (which provided exposure to global property and global infrastructure), meant that BetaShares was well-positioned to provide investors and advisers with the broadest range of global sectors funds available on the ASX," he said.
Recommended for you
High entry requirements are vital to ensure fund management remains competitive, according to Blackwattle’s managing director Michael Skinner, as the firm approaches its first anniversary.
Forager Funds Management has shared its rationale behind delisting its Australian Shares Fund from the ASX in favour of structuring it as an open-ended unit trust.
Michael Lovett, who left the investment giant just three months after launching its Vanguard Super offering, has taken up a CEO role at an Australian asset manager.
As fund managers look to enhance efficiencies and reduce operating expenses amid active underperformance, former abrdn managing director Brett Jollie shares how to successfully do so.
