BetaShares secures exclusive rights to WisdomTree’s US ETFs in Australia
A strategic alliance with US exchange traded funds (ETF) provider WisdomTree, will give BetaShares exclusive rights to market the products in Australia and New Zealand.
As part of the agreement, BetaShare and WisdomTree are set to explore the development of products for the Australian Securities Exchange (ASX) with the aim of providing Australian investors with access to investment strategies pioneered by the US firm.
BetaShares managing director, Alex Vynokur, said "Our collaboration with WisdomTree is an important milestone, opening up a large range of innovative investment solutions for investors in Australia and New Zealand".
WisdomTree is currently the fifth largest ETF provider in the US, with an estimated US$35 billion in funds under management and more than 65 ETFs listed in the US.
AUTHOR
Nicholas O'Donoghue
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