Zenith rates ETFs
Ratings house Zenith has granted "recommended" ratings to BetaShares Australian High Interest Cash ETF and BetaShares Gold Bullion ETF - Currency Hedged.
Delivering its assessment, the ratings house made particular note of the depth and credentials of the BetaShares team.
It described the team as being "well credentialed" as well as being noticeably larger in terms of its domestic base than the majority of ETF providers currently operating in Australia.
Commenting on the rating, BetaShares head of investment strategy Drew Corbett said ETF ratings were a necessary step for the industry to gain broader acceptance with advisers and institutional investors.
"While ETF adoption among financial advisers has been increasing steadily, the most cited barrier for investment in an ETF by planners is the lack of third party research available," he said.
"As the ETF industry matures in Australia, the more research and education we can provide as issuers, the greater the levels of investor acceptance and familiarity there will be, which will ultimately lead to market growth," Corbett said.
Recommended for you
A former Sydney investment manager has pleaded guilty to two counts of insider trading regarding a potential takeover of Platinum Asset Management, having acquired $2.6 million of Platinum shares.
As the firm enters a new growth phase, Orbis Investments managing director Jason Ciccolallo has said it is looking to strengthen relationships with retail advisers to align with the firm’s institutional reputation.
The former director of United Global Capital has received a decision from the Administrative Review Tribunal regarding an appeal of his 10-year ban from providing financial services.
AMP-owned North has announced a senior manager appointment as the platform explores growth opportunities in its addressable adviser market.
