Betashares Launches 2 NASDAQ ETFs On ASX

The Nasdaq Next Gen 100 Currency Hedged ETF was admitted to the ASX for trading on 22 February 2024.  It will provide exposure to a portfolio of the rising stars of the Nasdaq. Another NASDAQ Index ETF will join the Betashares ETF.

The Betashares Nasdaq Next Gen 100 Currency Hedged ETF (ASX: JNDQ) will invest in the 100 largest Nasdaq-listed non-financial companies by market capitalisation beyond the Nasdaq-100 Index.

JNDQ will provide exposure to a portfolio of the rising stars of the Nasdaq. It aims to invest in companies at a relatively early stage of their development.

The objective is to find potential leaders in various sectors including technology, healthcare, and industrials.

The NASDAQ Index contains companies across major industry groups including computer hardware and software, healthcare, retail/wholesale trade, and telecommunications.

The passively managed ETF will be currency hedged. The management fee is 0.48% per annum of the Fund’s Net Asset Value.

Simply put, currency hedging means an ASX ETF fund manager who acquires stocks in the US might want to shield investor returns from changes in currency exchange rates, focusing solely on the foreign stock market’s performance.

This Nasdaq 100 ETF was also listed on the ASX on 22 February 2024.

Betashares Nasdaq 100 Equal Weight ETF (ASX: QNDQ)

QNDQ invests in an equally weighted portfolio of Nasdaq 100 companies, offering significant diversification benefits and lower stock and sector concentration risk.

The management fee is 0.48% per annum of the Fund’s Net Asset Value.

Both funds are complementary exposures to Betashares Nasdaq 100 ETF (ASX: NDQ), which recently surpassed $4.16 billion in assets.

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