BetaShares slashes fees on Aussie equity ETF
BetaShares has cut the management fee on its $2.6 billion Australia 200 exchange traded fund (ETF) to 0.04% per annum.
This was down from 0.07% and would take effect from 22 February, 2023.
Since launching in May 2018, the fund was the fastest ETF was reach $1 billion in assets under management, reaching it in November 2020.
BetaShares CEO, Alex Vynokur, said: “A200 changed the game for investors back in 2018, and as a result of our growing scale, we’re able to reduce fees for investors seeking exposure to Australian shares even further.
“A200’s fee reduction will make a meaningful difference to the total cost of owning a diversified portfolio of Australian shares at a time when retail and institutional investors alike are increasingly recognising the important role that cost and diversification play within their portfolios.”
Australian equity ETFs accounted for around $38.4 billion of the Australian ETF industry and the sector had seen $20 billion in net flows since the Australia 200 ETF was launched.
AUTHOR
Laura Dew
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
