‘Growth at a Reasonable Price’ (GARP) made its debut on the ASX on Thursday under the ticker ASX: GRPA. The fund targets 50 leading Australian companies and follows the successful 2024 launch of the Global X S&P World ex Australia GARP ETF (ASX: GARP).
Global X says the new GRPA fund captures high-growth, quality Australian companies trading at fair value. It tracks the S&P/ASX 200 GARP Index, which selects 50 top local companies demonstrating consistent fundamental growth, reasonable valuations, and strong earnings power.
“GRPA gives investors the opportunity to complement their existing broad Australian equity allocation with a targeted strategy that combines growth, value and quality - the essence of GARP investing,” said CEO Alex Zaika.
“This ETF delivers a smarter, enhanced core option designed to help investors target companies with the potential to outperform over the long term.”
With a management fee of 0.25% p.a., GRPA offers investors a cost-effective way to access a diversified portfolio of Australian market leaders.
Jason Ye, Director of Factors and Dividends Indices at S&P Dow Jones Indices, adding "This innovative index applies the GARP framework to the S&P/ASX 200 universe, focusing on growth opportunities while incorporating valuation and quality considerations in the index construction."
"The index aligns with the principles of GARP investing, empowering market participants with an innovative tool to navigate factor-based investing in the Australian market.”
The announcement comes after a strong debut year for the Global X S&P World ex Australia GARP ETF (ASX: GARP), which returned 29.0%, outperforming the MSCI World Index return of 20.7%, with most active managers failing to beat the benchmark.
Global X now manages over $13 billion in assets and has launched six new products in 2025 to date.
