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BetaShares to launch 3 new ‘megatrend’ ETFs

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The Australian fund manager has announced three new ETFs with the aim to provide investors with exposure to some “long-term megatrends” including electric vehicles, online retail and video games.

BetaShares this week announced the BetaShares Electric Vehicles and Future Mobility ETF (DRIV), BetaShares Future of Payments ETF (IPAY) and the BetaShares Video Games and E-sports ETF (GAME).

Prior to this launch, BetaShares already boasted six funds in the ETF space which collectively hold $2 billion in assets.

BetaShares CEO Alex Vynokur said the new offerings will give investors opportunities now to megatrends that are predicted to have decades of growth.

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“Next generation technologies for electric vehicles, digital payments and video games are exciting opportunities that each in their own way have the potential to revolutionise the global economy” Mr Vynokur said.

“We’re excited to further expand our leading thematic ETF range and have plans to further broaden the universe of opportunities available for Australian investors.”

DRIV and IPAY will commence trading on the ASX this month, while GAME will start on a date yet to be announced.

The move comes after BetaShares launched its first crypto asset ETF in October with two more that followed just weeks later.

Pointing to the record-breaking listing of the company’s CRYP ETF, Mr Vynokur said the company is looking to capitalise on the considerable demand for exposure to the growing digital assets sector.

“Following the successful launch of CRYP, we are looking forward to building out a range of ETFs providing Australian investors a broad range of exposures to the digital assets ecosystem,” he said at the time.

Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. 

Neil is also the host of the ifa show podcast.