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Australia's largest ETF ‘highly recommended’

21 November 2016 By Jessica Amir



One of Australia's oldest and largest exchange traded fund (ETF) has received a ‘highly recommended' rating from ratings agency, Lonsec Research.

The State Street Global Advisors' ETF business, SPDR, managed the S&P/ASX 200 fund (STW) that was Australia's largest ETF, with $2.8 billion in assets under management.

It was also the first ETF that launched on the Australian Securities Exchange (ASX) 15 years ago, alongside SPDR's S&P/ASX 50 fund, the ETF manager said.

Lonsec said it had very strong conviction that STW could generate risk adjusted returns in line with its objectives.

The ratings house also said the fund was also considered to be priced at a preferred entry point for its asset class/strategy.

In the rating report, Lonsec also said "the fund was an efficient, liquid and cost effective means for investors to gain index exposure to Australian equity markets".

SPDR's S&P ASX 200 has outperformed the index by two per cent, according to the Money Management Investment Centre (MMIC).

For more information about the fund, or to see how it has performed since 2012, click here.

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