Betashares bolstered by $300m Temasek investment
Key Australian-based exchange traded fund (ETF) provider, Betashares has picked up a major investor, with Singapore’s Temasek agreeing to invest up to $300 million in the company,
The Temasek investment was announced by Betashares today which said it would help drive further expansion of the company’s offering in both Australia and overseas.
The investment will see Temasek become a minotirty shareholder alongside TA Associates and Betashares staff.
Commenting on the investment, Betashares founder and chief executive, Alex Vynokur pointed to the company’s objective of expanding its presence across more products, services and international markets.
The announcement describes Temasek as being a generational investor with a long-term investment horizon.
TA Associates Asia Pacific managing director, Edward Sippel said the firm remained a highly committed long term investor in Betashares.
Surveying members that received full comprehensive Advice from external Advisers, and using that very positive research to promote their own…
CFS is simply going direct to the consumer and bypassing financial advisers. Nothing to commend.
Does no one read articles these days ? FFS
I have recently been discussing using CFS again with their staff. It's hard to support when they are competition as…
did you actually read the article or jump straight to outrage?