BetaShares, a leading Australian manager of exchange traded funds, has been awarded a ‘Recommended (Index)’ rating from Lonsec for its Nasdaq 100 ETF (ASX code ‘NDQ’).
Launched in May, NDQ is the first ETF traded on the ASX to track the Nasdaq-100 Index®, providing investors with exposure to the performance of the 100 largest non-financial securities listed on the Nasdaq stock exchange. The index contains category defining companies across major industry groups such as technology and telecommunications, including household names such as Apple, Google, Amazon and Facebook.
In order to develop its ratings, Lonsec reviews a fund manager’s investment process, people and resources, as well as liquidity, fees, performance and the risk associated with the fund. The ‘Recommended (Index)’ rating is the second highest investment rating able to be awarded by Lonsec.
In its review of the fund, Lonsec noted that the fund provides investors with an efficient means to access the growth potential of an industry that is traditionally challenging for the retail market to invest in. In addition, the fund’s Australian-domiciled structure was commended for offering greater administration simplicity and tax certainty than cross-listed ETFs.
Alex Vynokur, BetaShares’ Managing Director, said the rating highlighted the benefits the fund could provide investors looking for low-cost, simple access to this exciting index.
“It’s great to see this independent recognition of NDQ’s strategy. As the only ETF in Australia to track the Nasdaq-100 index®, we believe NDQ is unique in its ability to provide exposure to the technology industry in particular, which is strongly under-represented on the ASX and in other US benchmark indices,” he said.
The fund joins the following BetaShares products which are also listed as ‘Recommended” / “Recommended (Index)” by Lonsec:
-BetaShares Australian High Interest Cash ETF (AAA)
– BetaShares FTSE RAFI Australia 200 ETF (QOZ)
– BetaShares US Dollar ETF (USD)
– BetaShares Gold Bullion ETF-Currency Hedged (QAU)
– BetaShares Commodities Basket ETF-Currency Hedged (Synthetic) (QCB)
– BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund) (YMAX)
– BetaShares S&P 500 Yield Maximiser Fund (managed fund) (UMAX)
– BetaShares FTSE RAFI US 1000 ETF (QUS)
– BetaShares Geared Australian Equity Fund (hedge fund) (GEAR)
Important note: For further information about the meaning of the “Recommended (Index)” rating and the ratings scale, please refer to Lonsec’s website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings. Ratings are only one factor to be taken into account when deciding whether to invest in a financial product.
Source: BetaShares
