BetaShares launches low cost Australia 200 ETF
BetaShares has launched what it calls the world’s lowest cost Australian shares ETF on the ASX.
BetaShares Australia 200 ETF (ASX: A200) is designed to provide investors with exposure to 200 of the largest companies listed on the ASX, with a management fee of 0.07 per cent per annum.
A200’s management fee is half that of the previous lowest-fee Australian shares ETF available on the ASX, the firm writes.
Research indicates that there is a ready market for this product, BetaShares writes, with Australian equities consistently being one of the ETF categories receiving the highest level of interest from investors – with the category receiving AUD2.6 billion of net flows in 2017, according to the BetaShares annual ETF review for 2017.
“We believe that A200 is a game-changer for Australian investors. By offering such a low-cost option for exposure to Australian shares, investors now have a cheap, simple solution for the core of their portfolio”, says BetaShares Chief Executive Officer, Alex Vynokur (pictured).
“The Australian ETF industry continues on a strong growth trajectory, and we believe that the greater availability of simple, low cost ETFs like A200 will help drive the next wave of ETF industry growth and engage new audiences.”
The A200 ETF is BetaShares’ 45th fund available on the ASX.