- New ASX traded UK equity ETF brought to market by BetaShares
- FTSE 100 Index tracks performance of the top 100 UK eligible companies on London Stock Exchange
- Over 600 ETFs globally linked to FTSE Russell indexes
- Overall FTSE UK Index Series is tracked by a total of US$633 billion assets under management*
FTSE Russell, the global index, data and analytics provider, announces that BetaShares has licenced the FTSE 100 Index for its latest Exchange Traded Fund (ETF). The BetaShares FTSE 100 ETF has commenced trading on the Australian Securities Exchange (ASX). It is the first ETF to be tracking the flagship FTSE 100 Index in Australia.
The index comprises the top 100 eligible UK companies by market capitalisation listed on London Stock Exchange. The index has a net market capitalisation of almost £2 trillion, with the average constituent valued at £18.4 billion.
Evan Ong, Managing Director ETP Relationships, Asia, FTSE Russell, said:
“We are delighted that BetaShares has licensed the flagship FTSE 100 Index, the main indicator for the performance of companies listed on London Stock Exchange. FTSE Russell is a leading provider of indexes used by ETF issuers around the world and this new fund will enable, for the first time, Australian investors to have direct access to the UK equity market.”
Alex Vynokur, Chief Executive Officer of BetaShares said:
“We’re very pleased to have launched the first UK-oriented ETF available on the ASX, which will give investors the ability to specifically allocate UK stocks into their portfolios. As the ETF industry in Australia has matured we are seeing increasing demand for targeted exposures such as country specific ETFs like this one. Australia has a natural connection and affinity with the UK and as such we expect the ETF to receive strong interest from Australian investors.”
The FTSE 100 Index, part of the FTSE UK Index Series, was launched in 1984 as a tradeable index of the top 100 UK listed companies by market capitalisation, and is regularly featured in daily television news reports as a popular gauge of stock market performance.
Further information can be found online at the FTSE UK Index Series page
* Data as of 31 December, 2018 as reported on April 1, 2019 by eVestment for institutional assets, Morningstar for retail mutual funds, insurance products, and ETFs, and additional passive assets directly collected by FTSE Russell.
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About FTSE Russell:
FTSE Russell is a leading global provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. More than $15 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by the London Stock Exchange Group.
For more information, visit www.ftserussell.com.
© 2019 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”) and (7) The Yield Book Inc. (“YB”). All rights reserved.
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