ETFS Morningstar Global Technology ETF

ETF Securities Australia has announced the launch of the ETFS Morningstar Global Technology ETF (ASX:TECH) allowing Australian investors to buy into the growth potential of the world's top technology stocks in one trade.

TECH will track the Morningstar® Developed Markets Technology Moat Focus IndexSM (the Index), currently comprised of 32 stocks, including some of the world's largest listed technology companies such as Apple, Google and Microsoft. The Index currently includes companies from the US, Japan, Canada and Australia.

Kris Walesby, ANZ ETFS head, said: "Technology is one of the largest sectors in global equities markets but tends to be under-represented in Australian investors' portfolios. This ETF provides an opportunity to diversify into quality global companies with industry-leading positions."

He added: "Many investors are keen to have a stake in the strong growth potential of the world's famous tech names, and through an ETF they can do it easily and for a lower price than buying shares directly."