BetaShares Australia 200 ETF
Exchange traded fund (ETF) manager BetaShares has launched the BetaShares Australia 200 ETF, a low cost Australian shares ETF trading under the code A200.
The fund carries management costs of just 0.07% per annum and invests in the largest 200 companies on the ASX.
“While product innovation in the Australian ETF market has delivered a broad choice of investment options available on the ASX and put the Australian ETF industry on a strong growth trajectory, we believe that greater availability of simple, low cost portfolio building blocks will help drive the next wave of ETF industry growth," BetaShares’ Chief Executive Officer, Alex Vynokur, said.
The A200 began trading on the ASX on 7 May 2018.