BetaShares launches India ETF
Australian exchange traded funds (ETF) manager, BetaShares has announced the launch of its new India Quality ETF.
The fund, which aimed to invest in a diversified portfolio of quality Indian companies, would follow a quality-focused index for its ETF, which would provide the potential for superior long-term performance when compared to market-capitalisation weighted alternatives, the firm said.
BetaShares stressed that India was one of the fastest-growing major economies in the world, with GDP growth projections of seven per cent annually to 2023, and was securing its foothold in the global economy.
IT was one of the sectors that should be of particular interest for investors, with India’s home companies including Tata Group and Infosys. Other sectors in India which looked attractive to investors were agriculture and manufacturing.
“India is one of the fastest growing, and most exciting, global economies. Our India ETF will give investors a great way to access this fascinating market, with a carefully screened portfolio of high quality Indian companies,” BetaShares chief executive, Alex Vynokur, said.
“India is a substantially less efficient market than those in the developed world, which provides the opportunity for significant outperformance in returns compared to a pure market capitalisation index approach.
“Our methodology provides investors with the return potential that comes from a focus on quality companies, along with the cost-efficiency and transparency that is available from a passive indexing approach.”
AUTHOR
Oksana Patron
Recommended for you
“Challenging flow patterns” at J O Hambro Capital Management have led to $16.2 billion in asset management outflows for Perpetual in FY25, as its CEO admits the firm can gain new assets but then has problems retaining them.
Income Asset Management is set to launch two managed accounts of investment grade assets and syndicated loans in FY26, responding to adviser demand.
Pengana Capital Group has detailed the impact of its move into private credit, with chief executive Russel Pillemer describing plans to “become a force in the non-institutional market”.
Investment partnership firm Perennial Partners has entered a binding agreement to partner in the development of Ziller Funds Management led by former Maple-Brown Abbott deputy portfolio manager, Joseph Ziller.
