BetaShares A200 ETF recommended by Lonsec


BetaShares has announced that its Australia 200 exchange-traded fund (ETF), which was launched three months ago, has received a ‘recommended’ rating from Lonsec.
The fund, which according to BetaShares was the lowest-cost Australian Shares ETF, aimed to provide exposure to the top 200 ASX listed companies, while charging a management fee of 0.07 per cent per annum.
Lonsec praised the funds for its “very cost-effective and efficient means to access core Australian equities”.
BetaShares’ chief executive, Alex Vynokur said A200 is the most cost-effective way to obtain core Australian equities exposure via an ETF.
“The strong Lonsec rating provides positive external validation of the fund benefits.”
Recommended for you
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
Flows into cash and fixed income ETFs soared in May, rising from $366 million in April to more than $1.3 billion, data from Betashares shows.
Quinbrook Infrastructure Partners has promoted its Australian head to the role of chief executive of the global investment manager.
UK-based fund manager Royal London Asset Management has appointed a Sydney-based head of regional sales as it embarks on a multiyear plan to expand its presence internationally.