22 February 2025

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Home / Noticeboard 2021

BetaShares

27 April 2021

BetaShares launches Australian Major Bank Hybrids Index ETF (ASX:BHYB)

SYDNEY, 27 April 2021: Leading Australian ETF manager BetaShares has today launched the BetaShares Australian Major Bank Hybrids Index ETF (ASX:BHYB), which provides investors with a simple, cost-effective way to get exposure to a portfolio of listed hybrid securities issued by the ‘Big 4’ Australian banks.

Hybrid securities offer attractive franked income returns for usually only moderate levels of capital volatility. Historically they have exhibited relatively low correlation to equities, so can provide a useful source of portfolio diversification, and lower volatility during sharemarket declines when compared to ordinary shares. Hybrids can be expected to produce risk and return characteristics above those of traditional fixed-income securities like bonds, but below those of ordinary shares.

BHYB aims to track the performance of a diversified index of hybrids issued by the four largest Australian banks, at a total management cost of only 0.35% p.a. To be eligible for inclusion in the index BHYB aims to track, a hybrid security must be a listed preference share having a market capitalisation of at least $100 million. Given the Fund’s focus on Major Bank Hybrids, the underlying securities are all currently rated at least Investment Grade.

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