BetaShares launches first cash ETF on the ASX

BetaShares has today announced the quotation of the first high interest cash ETF on the Australian Securities Exchange. Employing a very simple and secure structure, the ETF holds Australian dollars in bank deposit accounts with one or more major banks in Australia. The launch of the product represents the first in a range of cash and fixed income ETFs expected to be launched on the ASX in the coming weeks.