BetaShares launches first NASDAQ ETF in Australia

From
Alex Vynokur

Alex Vynokur

BetaShares, a leading provider of Australian exchange-traded products, today announced the launch of Australia’s first ETF to track the NASDAQ-100 index, providing Australian investors with a simple and cost effective way to access some of the world’s most revolutionary companies.

The BetaShares NASDAQ 100 ETF (ASX code: NDQ) provides investors with exposure to the performance of the 100 largest non-financial securities listed on the NASDAQ stock market, based on market capitalisation. The index contains category defining companies across major industry groups such as technology, telecommunications and retail, including household names such as Apple, Google, Amazon and Facebook.

Alex Vynokur, Managing Director of BetaShares, said the launch of the fund provided a significant opportunity for Australian investors looking to diversify their portfolio to include international equities exposure.

“The NASDAQ 100 ETF allows investors access to a portfolio of companies, many of whom are household names revolutionising our world,” said Mr Vynokur.

“The launch of NDQ is also expected to tap into continuing demand for international equities exposure through ETFs, with over $1B flowing into international equities products in the Australian ETF market in just the first 4 months of 2015. The arrival of the NASDAQ 100 ETF in Australia is in response to strong investor demand”, said Mr Vynokur.

“Investor appetite for US equities remains strong and we have built out a range of funds to reflect that across income and growth-focused strategies”, said Mr Vynokur. “As the only ETF in Australia to track the NASDAQ-100 index, we believe NDQ is unique in its ability to provide exposure to the technology industry in particular, which is strongly under-represented on the ASX and in other US benchmark indices.”

“We think the NASDAQ 100 ETF will present a compelling option for those looking to diversify their equities exposure, providing low-cost, transparent access to a market of growing interest for Australian investors.”

 

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