BetaShares launches new ETF
Exchange Trade Fund (ETF) specialist BetaShares has launched a new investment fund on the Australian Securities Exchange (ASX).
It said the BetaShares Geared Australian Equity Fund (hedge fund) would trade under the ASX Code "GEAR" and provide investors with a simple way to obtain a cost-effective geared exposure to the returns of the Australian share market.
BetaShares said the assets of the Geared Fund would generally comprise the 200 largest equity securities listed on the ASX weighted by market capitalisation, which are expected to earn dividends and franking credits for the fund, with the gearing ratio within the fund being managed between 50 and 65 per cent.
BetaShares managing director Alex Vynokur said that GEAR was intended to be a cost-effective alternative for investors considering or already invested in geared exposures such as margin loans or geared managed funds.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
