Morningstar has listed an active ETF that will invest in global equities, as it enters the segment as an issuer.
The Morningstar International Shares Active ETF started trading on the ASX yesterday under the ticker code MSTR.
It will invest in an unlisted managed fund that Morningstar has distributed since 2013.
This is the $515 million Morningstar International Shares (Hedged) Fund which has a minimum investment size of $10,000.
The fund has beat its benchmark MSCI All Country World ex-Australia Index with Net Dividends Reinvested (Hedged into $AUD) since inception, and in recent periods.
Morningstar has priced the ETF at 39 bps per annum in fees.
It is recommending a five-year investment horizon.
Earlier this month, Monrningstar announced its acquisition of financial planning software company AdviserLogic, as it looked to expand its adviser offering.