Australia's largest ETF ‘highly recommended’
One of Australia's oldest and largest exchange traded fund (ETF) has received a ‘highly recommended' rating from ratings agency, Lonsec Research.
The State Street Global Advisors' ETF business, SPDR, managed the S&P/ASX 200 fund (STW) that was Australia's largest ETF, with $2.8 billion in assets under management.
It was also the first ETF that launched on the Australian Securities Exchange (ASX) 15 years ago, alongside SPDR's S&P/ASX 50 fund, the ETF manager said.
Lonsec said it had very strong conviction that STW could generate risk adjusted returns in line with its objectives.
The ratings house also said the fund was also considered to be priced at a preferred entry point for its asset class/strategy.
In the rating report, Lonsec also said "the fund was an efficient, liquid and cost effective means for investors to gain index exposure to Australian equity markets".
SPDR's S&P ASX 200 has outperformed the index by two per cent, according to the Money Management Investment Centre (MMIC).
For more information about the fund, or to see how it has performed since 2012, click here.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
