Morningstar International Shares Active ETF
Morningstar Australia has launched an active exchange traded fund, which invests in high quality, attractively valued international companies.
The fund's benchmark is the MSCI All Country World ex-Australia Index with Net Dividends Reinvested (Hedged to $AUD). The Australian fund will invest predominantly in units of the Morningstar International Shares (Hedged) Fund along with some cash. It may also invest in derivatives.
Morningstar says money in the fund is invested with a focus on value, resilience, quality and diversification.
"Our focus on quality and value typically results in a portfolio of resilient companies that is more resilient in times of market uncertainity," the manager says in its factsheet for the fund. The minimum suggested investment timeframe for the fund is five years and it has a management fee of 0.39 per cent per annum.