Lonsec has awarded two ‘recommended’ ratings for BetaShares’ global exchange traded funds (ETFs), the BetaShares Asia Technology Tigers ETF (ASIA) and the BetaShares Global Quality Leaders ETF (QLTY), which were launched last year.
ASIA, which offered exposure to the 50 largest technology and online retail companies that had their main areas of business in Asia, was appreciated by the research houses for offering investors efficient means to gain exposure to technology heavyweights in Asia such as Alibaba, Tencent and Samsung.
QLTY, on the other hand, offered “simple, transparent and low-cost exposure to a global portfolio of companies exhibiting ‘quality’ characteristics”, Lonsec said.
“We have seen strong demand from investors for exposure to sectors not represented in Australia. We are pleased to receive such positive validations of our funds from Lonsec for providing simple and efficient solutions for accessing global equities,” BetaShares’ chief executive, Alex Vynokur, said.
Combined, ASIA and QLTY have amassed over $46 million since their respective launches in September 2018 and November 2018.