BetaShares has been awarded an “A” rating for six of its exchange traded funds (ETFs) reviewed by van Eyk in 2012. The ETFs rated were across currency, commodity and equity sector asset classes.
The funds were awarded this rating based on the investment process, the management team, infrastructure of the business and its portfolio management systems. The reviews also found the portfolio manager to be highly aware of the underlying index methodology and the portfolio construction for each of the ETFs.
BetaShares launched the first of its ETFs in December 2010 and the six ETFs reviewed have just over USD150 million in assets under management. The remaining three ETFs offered by BetaShares had not been listed before the ratings process commenced.
Drew Corbett (pictured), Head of Investment Strategy said the “A” ratings across all the funds which were reviewed is a sign of how robust BetaShares ETFs were in achieving the desired investment outcome.
“The Australian ETF industry is in its infancy and the “A” ratings from van Eyk are a testament to our business structure and the team at BetaShares. The ratings are also helpful for the many dealer groups and advisers currently utilising, and with an interesting in utilising, our product offerings,” says Corbett.
The strong van Eyk ratings follow on from the US Dollar ETF being awarded Money magazine’s Best of the Best 2012 award – the best innovative product of the year.
“The vision for BetaShares since our inception was to offer new exposures previously unavailable to Australian investors. We have been able to create and deliver innovative products including currencies, AUD hedged commodities and equity sector ETFs previously unavailable and plan to continue delivering products which expand the menu of options available for Australian investors,” says Corbett.
The six BetaShares ETFs reviewed were: BetaShares Euro ETF; BetaShares British Pound ETF; BetaShares US Dollar ETF; BetaShares Gold Bullion ETF; BetaShares S&P/ASX 200 Financials Sector ETF; and BetaShares S&P/ ASX 200 Resources Sector ETF.