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DACE

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1d
1w
1m

Analysis and statistics

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About

DACE.AU represents the BetaShares Australian Ex-20 Portfolio Diversifier ETF. This exchange-traded fund (ETF) aims to provide investors with exposure to a diversified portfolio of Australian companies listed on the ASX, specifically those outside the S&P/ASX 20 Index. It seeks to track the performance of an index composed of these smaller-capitalization Australian companies, offering a way to diversify beyond the largest market constituents. The fund is designed to complement existing core Australian equity holdings, potentially enhancing overall portfolio diversification and providing exposure to growth opportunities within the broader Australian market.
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Factors

Commodity Prices: Changes in underlying commodity values like gold and silver, influence DACE.AU's price.

AUD/USD Exchange Rate: Currency fluctuations impact the AUD value of foreign-denominated holdings.

Interest Rates: Higher rates can decrease demand for non-yielding assets like commodities, affecting price.

Market Sentiment: Risk appetite or aversion influences commodity demand and ETF pricing.

Inflation Expectations: Commodities act as inflation hedges, so rising expectations can increase demand.

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