BetaShares managed risk funds FUM exceeds $200m
The strong demand for BetaShares "managed risk series' of exchange traded funds (ETFs), pushed its funds under management (FUM) to over $200 million, according to the fund manager.
BetaShares said the series of three managed risk funds was developed as investors and advisers wanted exposure to capital and income returns, while they were concerned about the risk of losses during "significant market declines".
The funds included BetaShares Australian dividend harvester fund (managed fund), BetaShares managed risk Australian shares fund (managed fund), and BetaShares managed risk global share fund (managed fund).
The BetaShares Australian dividend harvester fund (managed fund), the longest running managed risk fund at BetaShares, delivered a distribution yield (paid monthly) of 12 per cent, which compared to the yield of five per cent from the S&P/ASX 50.
The success of the series of funds aligned with the high profile growth of the ETF industry, which hit an all-time FUM record of $21.9 billion in April, according to BetaShares.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
