BetaShares launches NASDAQ ETF
Exchange Trade Fund (ETF) specialist, BetaShares has launched a new product which it is promoting as Australia's first ETF to track the NASDAQ-100 index.
It said the product, the BetaShares NASDAQ100 ETF, would provide Australian investors with a simple and cost effective way to access some of the world's most revolutionary companies.
The company's announcement said the product would provide investors with exposure to the performance of the 100 largest non-financial securities listed on the NASDAQ stock market, based on market capitalisation.
Commenting on the product, BetaShares managing director, Alex Vynokur said the launch of the fund provided a significant opportunity for Australian investors looking to diversify their portfolio to include international equities exposure.
"The launch of NDQ is also expected to tap into continuing demand for international equities exposure through ETFs, with over $1billion flowing into international equities products in the Australian ETF market in just the first four months of 2015," he said.
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