ETF provider BetaShares has entered into a partnership with American investment company WisdomTree, which will see it market US-listed ETFs in Australia.
Under the agreement, the two companies will also explore the development of products on the ASX that will provide investors in Australia and New Zealand with access to some of WisdomTree’s investment strategies.
WisdomTree is the fifth largest ETF provider in the US, with funds under management of approximately US$35 billion, according to BetaShares.
The company currently offers more than 65 ETFs listed in the US, covering a range of asset classes and exposures.
BetaShares managing director Alex Vynokur said the company’s collaboration with WisdomTree is an “important milestone, opening up a large range of innovative investment solutions for investors in Australia and New Zealand”.
SUBSCRIBE TO THE IFA DAILY BULLETIN
20 Nov 2017Victorian practice joins EldersBy Staff Reporter
20 Nov 2017US wealth giant re-enters Aussie marketBy Jessica Yun
20 Nov 2017CBA updates Open Advice Review payout figuresBy Staff Reporter
20 Nov 2017New evidence for dealer group conflictsBy Aleks Vickovich
17 Nov 2017Adviser regulation loosens under TrumpBy Aleks Vickovich
17 Nov 2017Advisers called on to drive ESG discussionBy Jessica Yun
- view all