BetaShares Australia 200 ETF raced to AUD500 million in funds under management just 11 months after its inception, making it the fastest ever Australian ETF to reach this milestone.
A200, which was launched in May last year, currently has assets under management of over AUD550 million.
The fund has seen widespread adoption amongst retail and institutional investors alike, and provides efficient exposure to the 200 largest companies listed on the ASX, with a management fee of only 0.07 per cent pa, half that of other broad market Australian shares ETFs available on the ASX. As such, A200 offers investors of all types diversified, cost-effective exposure to the Australian share market.
BetaShares has also seen adoption of A200 by institutional investors, a group that are starting to more broadly adopt ETFs in their portfolios. While institutional investors have traditionally used futures to manage equity exposures, BetaShares has seen increasing usage of the A200 ETF for this purpose.
“We are very pleased to see A200 continue on its strong growth trajectory, while enabling Australian investors to obtain low cost, diversified and transparent exposure to a portfolio of Australian shares,” says Alex Vynokur, CEO at BetaShares.