BetaShares selects Rabobank
Exchange Traded Funds (ETF) specialist BetaShares has selected Rabobank Australia Limited to join its panel of authorised deposit-taking institutions for its product, the BetaShares Australian High Interest Cash ETF.
BetaShares is promoting it as providing attractive and regular income distributions combined with a high level of capital security.
All the assets of the ETF will be invested in high interest bank deposit accounts with a panel of banks regulated by the Australian Prudential Regulation Authority.
The Cash ETF, which was launched in March last year, was the most popular ETF in Australia, with net inflows in 2012 of approximately $125 million.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
