Financial technology company SelfWealth (ASX:SWF) is approaching the final stages of developing Australia’s first exchange traded fund (ETF) for self-managed super funds (SMSF), according to managing director Andrew Ward.
Speaking at the TechKnow Invest Roadshow in Sydney today Mr Ward said: “We’re very excited about launching the world’s first peer-to-peer, or crowdsourced, exchange traded fund to the market within the next two or three months.”
SelfWealth’s EFT, known as the SMSF200, will be launched on the ASX under the ticker code ‘SELF’.
The fund will collect data on Australia’s approximately 600,000 SMSFs, to locate the top 200 performers. Of those 200 performers the top weighted 200 stock options will then be identified and used to rebalance the ETF.
We’ve proven our performance over a long period of time, so that’s a great way to harness the community into a product that everyone else can access.”
The introduction of SelfWealth’s ETF adds to the company’s existing brokerage innovation aimed at empowering investors to make informed decisions.
Dubbed ‘Facebook for investors’, SelfWealth listed on the ASX in November 2017 offering a combination of an online investment community paired with a brokerage platform that charges only $9.50 per transaction.
The company has performed strongly since its listing and hopes to add international trading facilities to its platform by July 2018.
The second instalment of the TechKnow Invest Roadshow will be held at the Grand Hyatt Hotel in Melbourne on Thursday 12 April, to find out more or register please go to: