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Singapore’s Temasek snaps up $300m stake in ETF provider Betashares
Kylar LoussikianDeputy editor - Business
Singapore’s Temasek has made its first investment in an Australian financial services group, paying $300 million for an undisclosed minority stake in Betashares, the manager of some $38 billion and one of the largest local providers of exchange-traded funds.
The government-owned asset manager is the second global investor on the company’s shareholder register, with Boston private equity firm TA Associates acquiring in 2021 a major stake in Betashares, run by founder Alex Vynokur.
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