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.