Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
BetaShares launches new ETF

BetaShares launches new ETF

Reporter
23 June 2016 — 1 minute read

BetaShares has announced the launch of a global energy companies exchange-traded fund (ETF).

The ETF, which will trade under the code name ‘FUEL’, provides exposure to large companies in the global energy sector such as Exxon, Chevron, Royal Dutch Shell, BP and Total.

The fund is hedged to the Australian dollar and is the first fund launch from BetaShares’ ‘Global Sector’ series, which is a collection of ETFs intended to provide investors with exposure to international sectors.

Advertisement
Advertisement

“According to the BetaShares/Investment Trends ETF Report 2015, access to overseas markets is the second most important reason individual investors seek out ETFs, after diversification domestically,” said BetaShares managing director Alex Vynokur.

“The oil industry has been experiencing one of the deepest downturns in recent times. FUEL invests in the strongest global players in the energy sector, which may provide Australian investors with an opportunity to diversify their portfolios and benefit from an eventual recovery.”

Read more:

New ASIC report a 'prudent warning' to SMSFs

Trustees urged to consider key strategy for LRBAs

ATO extends looming compliance deadline

 

BetaShares launches new ETF
default
smsfadviser logo
join the discussion

What is the best solution to improve access to SMSF advice?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.