Low cost strategy sees ETF rating upgraded
Ratings house, Lonsec, has upgraded its rating of Van Eck Australia's Market Vectors MSCI World ex Australia Quality Exchange Traded Fund (ETF) (QUAL) to "recommended".
Van Eck Australia managing director, Arian Neiron, said the upgrade was a "testament of the ETF's ability to deliver on its investment objectives".
"With a management fee of 0.40 per cent per annum, all types of investors are attracted to QUAL's easily understood and low cost investment strategy," he said.
"QUAL was the first of its kind listed on the ASX. Strategic beta ETFs are now being used by a range of investors who are seeking alternate cost effective passive strategies."
The fund offers investors access to a portfolio of 300 international companies, with three key fundamentals — high return on equities, stable year-on-year earnings growth and low financial leverage.
The Lonsec report said the research house considered "the fundamentals underpinning of the index to be sound and based on robust measures of company quality."
Recommended for you
Outflows have doubled in the property and infrastructure space to $1.3 billion with advisers instead favouring private markets as Morningstar data finds active property funds are struggling to outperform.
Fund manager HMC Capital is seeking to expand fundraising for its private equity vehicle into wholesale platforms now that it has achieved a three-year track record, while scrapping plans for a second fund.
Former Platinum co-founder James Simpson will take up a non-executive role at Income Asset Management as two directors retire.
Bell Financial Group has announced a 44 per cent decline in half-year net profit after tax but record funds under advice as it transitions into a diverse wealth management business.
