Betashares Global Shares Currency Hedged ETF Fund

Investment objective

The investment objective of the Fund is to provide an investment return that aims to track the performance of the Solactive GBS Developed Markets Currency Hedged ETF ex Australia Large & Mid Cap Index (an index comprising approximately 1,300 developed markets companies), before considering fees and expenses. The index is designed to provide exposure to the world’s largest developed markets companies, based on free float-adjusted market capitalisation (ex Australia).

Investment strategy

In seeking to achieve the investment objective the Fund will obtain investment exposure to the securities listed in the index indirectly, by investing substantially all of its assets in units of the Betashares Global Shares ETF, an exchange traded fund admitted to trading on the ASX. As the fund is hedged to Australian dollars, for index-tracking purposes, the fund intends to hedge the currency exposure using forward foreign exchange contracts (or similar instruments), with the objective of substantially offsetting the Fund’s exposure to movements in the relevant foreign currency. While this approach seeks to minimise the impact of currency fluctuations on Fund returns, it does not necessarily eliminate exposure to all currency fluctuations.

Investment manager

Betashares Capital Limited (Betashares) is an Australian fund manager that specialises in Exchange Traded Funds (ETFs). Established in 2009, Betashares has grown to become one of the market leaders in ETFs and has a wide range of exchange traded products on the ASX. Betashares’ philosophy is to create intelligent investment solutions that broaden the investment possibilities for Australian investors. Betashares products provide access to a wide range of market indices, asset classes and investment strategies, all of which can be bought or sold like any share on the ASX.