Australian fund manager BetaShares announced on Thursday the launch of the BetaShares Online Retail and E-Commerce ETF (IBUY) on the ASX on 16 February.
The BetaShares Online Retail and E-Commerce ETF (IBUY) will be an Australian-first, providing exposure to up to 100 leading global e-commerce companies, including global powerhouses such as Amazon, PayPal, eBay, Tencent and Alibaba, Spotify, HelloFresh and Airbnb.
“IBUY will offer investors convenient access to a diversified portfolio of global online retailing leaders that are revolutionising the way consumers shop for goods and services,” said BetaShares CEO, Alex Vynokur.
“Even as the global economy reopens, more consumers than ever before are buying their goods and services online. This trend is set to continue as people seek out more convenient ways to access the latest goods and services from around the world,” Mr Vynokur added.
According to the fund manager, to qualify for inclusion in the IBUY, companies will have to derive at least 65 per cent of revenues from one of three online retail business segments including online retail, online travel and online marketplace.
IBUY joins 10 other ETFs in BetaShares’ suite of thematic ETFs which collectively holds $2.2 billion in assets.
Subject to regulatory approvals, IBUY is expected to start trading on the ASX on 16 February 2022.
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
