Singapore investor takes stake in Betashares

Temasek, a global investment company headquartered in Singapore, has taken a stake in Australian-based ETF manager Betashares for A$300 million.

Monday, June 17th 2024, 12:35PM

The investment from Temasek follows a period of strong growth for Betashares, as the company executes on a long-term vision to build a leading, independent financial services business, offering a wide range of quality solutions to help clients reach their financial goals.

Over the past three years, Betashares has continued its strong organic growth trajectory, now managing over A$38 billion on behalf of over one million investors, financial advisers and institutions across its range of ETFs after receiving the highest level of inflows amongst all ETF managers in Australia in 2023.

During the same period, Betashares also launched Betashares Direct, a new retail investment platform, to assist self-directed investors in building long-term wealth, and announced its intention to move into the Australian superannuation industry via the acquisition of Bendigo and Adelaide Bank's superannuation business. As Betashares expands into new products and services, it continues to be guided by its core principles: simplicity, cost-effectiveness and transparency, with the goal of making investing more accessible and affordable for investors.

Betashares Founder and Chief Executive Alex Vynokur, welcomed Temasek’s investment. “Since founding the business 14 years ago, we have developed a leading position in Australia’s ETF industry. We have worked hard to expand the range of high-quality investment solutions available to investors and their financial advisers, democratised access to wealth creation opportunities for our clients, and improved the range of genuine educational content, emphasising the power of long-term investing.”

“The investment by Temasek will help accelerate the next phase of our journey, both organically as well as through acquisitions and strategic investments,” Vynokur said.

Temasek is a generational investor with a long-term investment horizon, which is strongly aligned with Betashares’ pursuit of long-term value creation for clients, employees, industry partners and shareholders. Temasek owns and manages US$287 billion in assets as of March 31, 2023.

Fellow Betashares shareholder, TA Associates Asia Pacific, welcomed the investment. “Betashares has earned its place as a leader in Australia’s financial services industry and the business is incredibly well placed to capitalise on the structural changes that are underway in the international financial services landscape,” TA managing director Edward Sippel said.

“TA is a highly committed long-term investor in Betashares. We believe Betashares has a bright future as the business continues to grow and expand. We’re looking forward to continuing our partnership with the Betashares management team as they leverage the company’s market leading position, growing range of quality offerings and deep understanding of the industry.”

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