FTSE Group, announces that BetaShares, one of Australia’s leading exchange traded product issuers, has chosen the FTSE RAFI Australia 200 Index as the basis of the first Australian equity Fundamental Index ETF, which launches on the Australian Securities Exchange (“ASX”) .…
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The BetaShares FTSE RAFI Australia 200 ETF, which will trade under the ASX Code “QOZ”, offers Australian investors access to the top 200 companies listed on the ASX as measured by fundamental factors rather than market capitalisation.
The FTSE RAFI Australia 200 Index is part of the FTSE RAFI Index Series developed with Research Affiliates LLC, which selects and weights constituents according to four fundamantal factors – sales, cash flow, book value, and dividends. By breaking the link with price, the Fundamental Index approach avoids the bias inherent in market capitalisation weighted indices.
Source: ETFWorld – FTSE
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