BetaShares Capital has appointed RBC Dexia Investor Services to provide custody and fund administration for its initial range of Exchange Traded Funds (ETFs) to be listed on the Australian Securities Exchange.

The funds will be serviced out of Sydney, Australia.

BetaShares managing director Alex Vynokur said from the development stage to the launch of BetaShares’ initial products, RBC Dexia’s consultative approach and flexibility in their operating model were a complement to team here at BetaShares and the main driver to their selection to service BetaShares’ exchange traded funds.

"We look forward to growing our relationship with RBC Dexia as we continue to develop and introduce new products to the Australian ETF marketplace," Vynokur added.

RBC Dexia managing director David Travers said RBC Dexia’s capability to support Australian ETFs with a strong partner like Betashares expands the range of funds that RBC Dexia service in this key onshore market.

"Our flexibility in finding a customized service solution continues to make us the provider of choice by market innovators like BetaShares," Travers said.