Leading exchange traded fund provider BetaShares has been awarded two additional ‘Recommended’ ratings from research house Zenith for the Australian Top 20 Equity Yield Maximiser (managed fund) (YMAX) and the FTSE RAFI Australia 200 ETF (QOZ).
YMAX aims to provide investors with exposure to a portfolio of 20 blue-chip Australian shares, along with attractive quarterly income and a lower level of volatility. The Fund has become one of the most popular products in the exchange traded fund market, having grown to over $250m since its launch approximately 18 months ago. As of end August 2014, the Fund’s gross distribution yield was 10.5% p.a.[1] The Fund was awarded a ‘Recommended’ rating by Lonsec in February 2014.
QOZ, Australia’s first fundamental index ETF, provides exposure to the 200 largest Australian equities, weighted in a way that is reflective of the economic footprint rather than the market capitalisation of its constituents. QOZ has also been awarded a ‘Recommended’ rating by Lonsec.
Alex Vynokur, BetaShares’ Managing Director, said the new ratings were testament to the effectiveness of the methodology in both funds, as well as the growing importance of ETFs in general as low-cost portfolio construction tools for advisers.
“Both QOZ and YMAX have enjoyed considerable success among self-directed investors and with advisers because they present cost effective and transparent ways to access strategies more commonly seen in high-cost managed funds,” said Mr Vynokur.
“Exchange traded funds are an important tool by which advisers can access a diverse range of asset classes at a low cost and in a simple, transparent way that their clients can understand.
“As adviser take-up has grown, research houses like Zenith and Lonsec have taken a much more active interest in analysis and ratings of exchange traded funds,” Mr Vynokur concluded.
The five BetaShares Funds now holding ‘Recommended’ ratings from Zenith are:
BetaShares FTSE RAFI Australia 200 ETF (QOZ)
BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund) (YMAX)
BetaShares Australian High Interest Cash ETF (AAA)
BetaShares US Dollar ETF (USD)
BetaShares Gold Bullion ETF – Currency Hedged (QAU)
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