BetaShares A200 ETF starts trading on ASX
The BetaShares Australia 200 ETF (A200), which aims to provide investors with exposure to 200 of the largest companies listed on the Australian Securities Exchange (ASX), is now trading on the ASX.
With a management fee of 0.07 per cent per annum, the fund was the world’s lowest-cost Australian shares exchange traded fund (ETF), the firm said.
According to BetaShares, Australian equities was consistently one of the ETF categories that received the highest level of interest from investors, with $2.6 billion of net flows in 2017.
BetaShares chief executive, Alex Vynokur, said the A200, which would be BetaShares forty-fifth fund available on the ASX, was a “game -changer for Australian investors”.
“By offering such a low-cost option for exposure to Australian shares, investors now have a cheap, simple solution for the core of their portfolio,” he said.
“The Australian ETF industry continues on a strong growth trajectory, and we believe that the greater availability of simple, low-cost ETFs like A200 will help drive the next wave of ETF industry growth and engage new audiences.”
AUTHOR
Oksana Patron
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