Subscribe to our newsletter

BetaShares launches NASDAQ ETF

BetaShares launches NASDAQ ETF

Reporter

Australia’s first ETF that tracks the US NASDAQ 100 index, which provides exposure to industry groups such as technology and telecommunications, has been released by BetaShares.

The BetaShares NASDAQ 100 ETF (NDQ) provides investors exposure to the 100 largest non-financial securities – including companies like Google, Apple, Amazon and Facebook – listed on the NASDAQ stock market.

BetaShares managing director Alex Vynokur said: “The NASDAQ 100 ETF allows investors access to a portfolio of companies, many of whom are household names.”

“The NASDAQ 100 ETF in Australia is in response to strong investor demand.

“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.

“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,” Mr Vynokur said.

Mr Vynokur said that the NDQ will allow Australian investors to diversify their portfolio to include exposure to international equities.

Mr Vynokur pointed out that the launch of the NADAQ 100 ETF is in line with the growing popularity of ETFs – $1 billion in capital has flowed into the ETF market in the last four months.

 

BetaShares launches NASDAQ ETF
investordaily image
ID logo

related articles

promoted stories