BetaShares to launch three new ETFs to the ASX

Posted: 21 August 2018 7:00 am
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The new ETFs will track international companies and offer exposure to blockchain and artificial intelligence technologies.

Australian exchange traded funds (ETF) manager BetaShares has today announced its plans to launch three new ETFs on the ASX. The ETFs will track international markets and will provide exposure to new technologies such as blockchain and artificial intelligence (AI).

The three new ETFs are BetaShares Asia Technology Tigers ETF (ASX:ASIA), BetaShares Global Blockchain Innovators ETF (ASX:BLOK) and BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ). Unlike a listed investment company (LIC), which has fund managers actively picking stocks in an attempt to beat the market, ETFs simply mirror the performance of a particular index or range of assets.

ASIA will provide exposure to the 50 largest Asian technology companies (excluding Japan) including tech giants Alibaba, Tencent and Baidu. BLOK will provide investors exposure to global companies leading the way with blockchain technologies, while RBTZ will provide exposure to the international robotics and AI sectors.

CEO of BetaShares Alex Vynokur states these ETFs offer exciting growth opportunities for local investors and are a result of increased demand for international exposure.

“In recent years there’s been a noticeable trend of Australian investors turning their attention to investment opportunities outside of our local sharemarket, as growth prospects in Australia have become more limited. Traditional drivers of growth in the Australian economy, the resources and financials sectors, may not, by themselves, deliver the sorts of returns that most effectively underpin long term growth in Australian retirement portfolios. Hence, investing more globally has become so important,” said Vynokur.

In June, online fund manager Stockspot released its annual ETF report which revealed Asian share ETFs had outperformed the ETFs in all other regions over the past 12 months. Stockspot reported Asian share ETFs had average returns of 18.9% for the year compared to just 2.1% for Australian share ETFs.

BetaShares says the three new ETFs are set to make their ASX debut soon, although no official launch date has been revealed.

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