EToro announced the launch of its AussieEconomy portfolio late last week, confirming the investment basket will offer retail investors long-term exposure to some of the “best-performing companies” listed on the Australian Stock Exchange (ASX).
Among the 35 stocks that make up the portfolio are Qantas Airways, Sonic Healthcare, Computershare, the Macquarie Group, Westpac, NAB, ANZ, BHP Group and Rio Tinto.
Commenting on the launch, Josh Gilbert, market analyst at eToro, said Australia’s “unparalleled location, raw resources, and favourable trade relationships” make it “a very attractive investment destination”.
“Companies ‘down under’ are leaders in energy, commodities, and agribusiness, all sectors being watched closely by global and local investors as they emerge strongly from the current macroeconomic events”, Mr Gilbert said.
The local commodities sector is reaching new highs for the second consecutive year with the nation set to export a record $419 billion of metals and energies by mid-2023. Mirroring this increase, recent research has revealed that Aussie retail investors are increasingly interested in commodities, with almost a third planning to invest in energy and 17 per cent in materials.
“It's easy to see why investors are attracted to Australian stocks.
“A number of Australian companies are demonstrating strong growth, for example BHP recently delivered record earnings and a record dividend at a time when investors are crying out for income-paying stocks and robust growth. The ASX offers great diversification for investors wanting to look outside the tech heavy US indices.”
The introduction of AussieEconomy completes eToro’s offering of regional Smart Portfolios that allow users to explore investment opportunities outside US equities. Other regional Smart Portfolios include AsianDragons, LatamEconomy, and NordicEconomy.
The minimum investment is US$500 and investors can access tools and charts to track the portfolio’s performance, while eToro’s social feed will keep them up to date on developments in the sector.
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
