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
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.