Australian ETF manager BetaShares secures A$300 million investment from Temasek
Australian fund manager BetaShares has announced a binding agreement with a Singapore government investor. Temasek Investment of up to AUD 300 million.
Upon completion, Temasek will hold a minority stake in the company and join current shareholders which include BetaShares staff and TA Associates.
Betashares specialises in exchange-traded funds (ETFs) and other funds traded on the Australian Securities Exchange (ASX) and has experienced significant growth since launching its first ETF in 2010.
The company currently serves over one million investors in Australia, providing cost-effective, simple and liquid access to a wide range of ASX ETF investment solutions covering virtually all asset classes and investment strategies. As of April 2024, Betashares has approximately A$38 billion in assets under management.
This investment from Temasek comes after a period of strong growth for BetaShares. Over the past three years, BetaShares has experienced significant organic growth and is reported to have the highest inflow levels of all Australian ETF managers in 2023.
During this time, BetaShares was also launched. BetaShares Directa personal investment platform designed to help self-directed investors build long-term wealth, has announced plans to enter the Australian superannuation industry.
BetaShares said it continues to expand its product and service offerings, aiming to make investing more accessible and affordable.
Alex Vinokur
“BetaShares is a game changer,” said Alex Vinokur, founder and CEO of BetaShares.
“Going forward, we will be focused on realizing our vision by leveraging our passion for innovation to expand our presence into more products, services and international markets.”
Temasek’s investment will help accelerate our next phase of growth, not only through organic growth but also through acquisitions and strategic investments. We are excited about the opportunity before us.”
Featured Image Credit: Free Pick
