Bell Potter May ETF Report – Technology Leads Recovery

By William Gormly | More Articles by William Gormly

BetaShares S&P/ASX Australian Technology ETF (ATEC), which provides exposure to a range of tech-related market segments, listed on 5 March 2020 before falling nearly 40% to a low on 23 March.

ATEC has rallied ~80% in the 3 months since the market bottomed, largely due to Afterpay Limited (APT) and its increase of ~560% over this period. APT has grown to be the largest holding in ATEC with a weight of 15.5% as at 23 June. ATEC increased the units outstanding by ~155% during May and is likely to see further strong inflows as investors seek growth that has been underrepresented in the broad market domestic ETFs.

For full details refer to the detailed report below or click here to download your copy.

William Gormly

About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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