Temasek Holdings to invest up to A$300 million in Betashares, expanding offerings

From Investing.com: 2024-06-16 19:31:18

Singapore’s Temasek Holdings plans to invest up to A$300 million in Australian ETF manager Betashares, aiming to expand offerings in Australia and abroad. The investment will give Temasek a minority stake alongside staff and private equity firm TA Associates. Betashares manages over A$38 billion in assets and serves a million investors.

The Australian ETF industry saw a market capitalization of A$177.5 billion in 2023, with A$15 billion in net inflows. Temasek’s investment will support Betashares’ growth both organically and through strategic investments. Temasek, managing assets worth S$382 billion, counts Alibaba, DBS Group, and Tencent among its investments.

($1 = 1.5124 Australian dollars, $1 = 1.3529 Singapore dollars)



Read more at Investing.com: Temasek to invest up to $198 million in Australian ETF manager Betashares By Reuters