BetaShares grows distribution coverage



Amid uncertainty from financial advisers towards exchange-traded funds (ETFs), BetaShares has expanded its distribution coverage with 54 counts of its ETFs now available on the approved product lists (APLs) of 19 dealer groups and another 26 available across nine platforms.
BetaShares head of investment strategy Drew Corbett said the growth was an important step forward for the ETF industry.
In its December 2011 ETF report - in conjunction with Investment Trends - BetaShares found that 28 per cent of respondents were cautious of taking up the strategy because of a lack of third party research, while another 15 per cent cited the lack of available ETFs on platforms.
Since then, Corbett said the industry has been changing, with more researchers taking a greater interest in ETFs and advisers demanding that they be available on more APLs and platforms.
"As an industry, we are heading in the right direction as ETFs become a more commonly used product for dealer groups and platforms as seen in overseas markets," Corbett said.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.