Australian fund manager launches global ETF

InvestorDaily

Betashares has launched the Betashares Global Fundamental Value ETF which comprises up to 750 companies and seeks to track the FTSE Developed Markets Select ex Australia Fundamental Value Index. “Rather than relying on traditional value investing measures such as price to earnings or price to book value to select potentially undervalued companies, GVAL takes a broader approach to value investing,” the firm said.

“It looks at business fundamentals – including sales, cash flow, book value and dividends, to determine how much of each company to hold. At each rebalance, the approach trims companies whose share prices have moved ahead of their fundamentals and adds to those whose fundamentals are stronger relative to their share prices.”

According to the company, smart beta ETFS across the Australian ETF industry covering equities and fixed income are poised to pass $50 billion by the end of 2026 and it expects the category to continue. “Its range spans Australian and global equities and includes value, momentum and quality factor strategies, as well as fixed income.”

The rest of this article can be found at investordaily.com.au.