VanEck’s MSCI World ex Australia Quality exchange traded fund (ETF) (QUAL) has received a ‘highly recommended’ rating from Lonsec.
The research house praised the fund for its ability to generate risk-adjusted returns in line with relevant objectives.
QUAL, which was launched in October 2014, invested in a portfolio of quality international companies listed on exchanges in developed markets around the world (ex Australia) and tracked the performance of the MSCI World ex Australia Quality Index with net dividends reinvested.
According to Lonsec, the fund was the “largest ETF by market capitalisation in Lonsec's global equity 'smart beta' peer group with a resultant uplift in relative liquidity and narrower bid/ask”.
"We are delighted that QUAL has received a 'Highly Recommended’ rating from Lonsec. Through a single trade on the ASX, Australian investors can access a portfolio of 300 quality international companies and achieve attractive risk-adjusted returns, with the potential for outperformance,” managing director VanEck Australia, Arian Neiron, said.
"Since its inception on 29 October 2014, QUAL has outperformed the standard industry international equity benchmark, the MSCI World Ex Australia Index by 2.43 per cent p.a."