Asset management business State Street Global Advisors (SSGA) has launched the SPDR MSCI World Quality Mix Fund on the ASX.
According to SSGA, the fund will track the MSCI World Quality Index, providing investors with access to an "equally weighted combination of three factor indexes".
"We are delighted to launch our new SPDR ETF for clients in Australia," SSGA Asia Pacific, senior vice president and head of the intermediary business group, James MacNevin said.
"An allocation to a Quality Mix ETF can be made as either a supplementary or complementary decision to a standard market-cap weighted mandate, depending on the investor's factor conviction, constraints and style.
"We're now making access to this strategy easier for investors through the form of an ETF, gaining exposure and diversification in one simple trade," he said.
The shadow treasurer says advisers can’t be blamed for the high cost of advice as they struggle with increased levies ...
The advice network says it has upgraded its expectation for cost savings to $4 million as a result of Diverger’s ...
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin