New BetaShares Australian Quality ETF tracking Solactive Index
Solactive is pleased to announce that Australian ETF provider BetaShares has chosen the Solactive Australia Quality Select Index for its new Australian Quality ETF (AQLT). The BetaShares Australian Quality ETF aims to track the performance of 40 Australian securities that show above-average quality characteristics. The components of the index are selected based on high-return on equity, low leverage and relative earnings stability, delivering potential diversification benefits for investors. CSL, Macquarie Group, Woolworths Group, and Wesfarmers are among the companies currently in the index.
AQLT started trading on the ASX on the 6th of April 2022.
Timo Pfeiffer, Chief Markets Officer at Solactive, comments: “The Australian economy has demonstrated strength and resilience throughout the years. We are delighted to partner with BetaShares, one of the leading players in the Australian ETF market, to provide investors with the option to invest in a diversified portfolio of Australian quality securities that may benefit from the expected growth of the country’s economy.”