BetaShares eyes SMSFs with new fund launch
BetaShares has launched a new fund “specifically designed” for SMSFs and Baby Boomers.
BetaShares announced the launch of its BetaShares Managed Risk Global Share Fund, which is trading under the ASX code ‘WRLD’.
According to an announcement from the fund manager yesterday, this new fund is designed to provide exposure to a broadly diversified portfolio of global shares with reduced volatility and cushioned downside risk.
“While the fund is expected to have broad application and be suitable for a variety of investors, it has been specifically designed to meet the needs of SMSFs and Baby Boomers, who are seeking global equity exposure but who may be concerned about uncertain financial markets,” BetaShares stated.
“This risk management strategy used by WRLD actively seeks to reduce volatility and defend against losses in declining markets,” the company added.