Betashares has launched its suite of diversified exchange-traded funds (ETFs) on the Australian Securities Exchange (ASX).
The series of four low-cost, diversified ETFs providing access to a multi-asset portfolio across the Australian and global markets also promises the lowest management fees among diversified ETFs currently available in Australia.
Betashares chief executive Alex Vynokur said: “Since we announced that these funds were on their way, we’ve had a strong response. We’re excited to announce that all four ETFs are now available on the ASX.
“The ETFs bring a robustly constructed portfolio within easy reach of investors regardless of age, experience and financial resources.”
Consisting of varying allocations between 25 per cent growth to 75 per cent defensive and 90 per cent growth to 10 per cent defensive, the range of ETFs is the first available on the ASX to use an open construction approach.
“These ETFs offer great flexibility and a broad range of potential uses,” Vynokur added.
“Investors just starting out may use them as a simple, whole-portfolio solution, while more experienced investors and SMSF investors might prefer to use them as the low-cost core of their portfolio, freeing them up to take advantage of other investment opportunities as well.
“They are also a solution for parents who want to set up a low-cost portfolio for children or grandchildren.”
