Bringing you live news and features since 2006 

BetaShares ETFs accumulate more than AUD70m in AUM in first month of trading


BetaShares Capital’s initial two ETFs have reached more than AUD70 million in assets under management in their first month of trading, making it one of the most successful ETF debuts on the Australian Securities Exchange. BetaShares intends to add to its product offering over 2011, with Australia’s first currency ETF on track for launch in the coming weeks.

Listed on 15 December 2010, BetaShares two initial ETFs are the BetaShares Financials Sector ETF (ASX Code: QFN), which tracks the performance of the S&P/ASX 200 Financials Index (excluding Property Trusts), and the BetaShares Resources Sector ETF (ASX Code: QRE), which tracks the performance of the S&P/ASX 200 Resources Index

Global ETF veteran and BetaShares Head of Investment Strategy & Distribution Drew Corbett believes the successful launch highlights strong ETF investor appetite.

"Our debut surpassed expectations and confirms that the Australian market has been starved of real choice in quality home grown products from a strong local provider, creating significant latent demand that BetaShares is ready to fill," says Corbett. "In addition, we have received strongly positive feedback from our investors on the tight trading spreads and liquidity of our products on the Exchange."

As the largest Australian specialist ETF provider, BetaShares is committed to providing investors with a wide choice in ETF products with plans to substantially add to its range of ETF products in the coming year, including Australia’s first US Currency ETF in early 2011.

Australian ETF market growth over the past two years has been the fastest yet and BetaShares is looking to capitalise on this growth.

"Our pipeline of products will finally provide Australian investors of all types – from set and forget investors to more sophisticated active traders – with a range of products that support a wide number of investing and trading strategies," says Corbett. "Increasingly ETFs are being used as the building blocks of portfolio construction in international markets and our goal is to support the Australian market in making this successful transition.

"Our sole focus is on the Australian market and tailoring products for the local investor which will drive further growth in the ETF industry. The strong early inflows have established BetaShares as a significant Australian ETF issuer – we aim to build on our success over 2011."

All BetaShares ETFs are traded on the ASX and can be bought and sold by investors like any share.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by