Reported about 1 year ago
Singapore-based investment firm Temasek Holdings announced plans to invest up to A$300 million ($198.4 million) in Australian ETF manager Betashares, aiming to expand offerings both in Australia and overseas. With this investment, Temasek will acquire a minority stake in Betashares, joining TA Associates and staff members as shareholders. Betashares manages over A$38 billion in assets and serves over a million investors in Australia. The move aligns with Temasek's strategy to accelerate growth through strategic investments and acquisitions.
Source: YAHOO