It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

GUD Holdings Limited (ASX: GUD)

A note out of Citi reveals that its analysts have retained their buy rating and $15.70 price target on this specialist products company’s shares. Citi has been looking at the auto parts industry and picked out GUD as its preferred exposure. It expects the company’s Automotive business to benefit from consumers holding onto their cars for longer. This is expected to underpin demand for after market car parts. GUD owns the Ryco, Wesfil, Goss, Narva and Projecta brands. The GUD share price is fetching $12.13 today.

Qantas Airways Limited (ASX: QAN)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $7.00 price target on this airline operator’s shares. This follows the release of a trading update which revealed that Qantas is cutting its third quarter capacity in response to rising COVID cases. Morgan Stanley suspects these changes could hit its earnings by $340 million and has therefore reduced its FY 2022 underlying earnings estimate to $210 million. The Qantas share price is trading at $5.01 on Friday afternoon.

TPG Telecom Ltd (ASX: TPG)

Analysts at Ord Minnett have upgraded this telco giant’s shares to a buy rating with an improved price target of $7.45. According to the note, the broker believes TPG’s shares are good value given its favourable outlook from a post-COVID recovery. This is expected to be underpinned by subscriber growth and better mobile pricing. It also sees opportunities to unlock value from asset monetisation. The TPG share price is fetching $6.39 today.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Qantas cuts capacity, Afterpay hits 52-week low
• 5 things to watch on the ASX 200 on Friday
• Qantas (ASX:QAN) share price on watch after cutting capacity due to the Omicron outbreak
• This top broker just rated the TPG (ASX:TPG) share price as a buy
• Is it a buy in 2022? Leading brokers size up the Qantas (ASX:QAN) share price

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key points

• AUSTRAC has expanded its investigation into Star Entertainment
• The financial watchdog was initially looking into alleged money laundering and counter-terrorism financing activity at The Star Sydney
• The probe has now been widened to include other entities within the Star group

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The Star Entertainment Group Ltd (ASX: SGR) share price is trading lower on Friday amid news AUSTRAC has expanded its investigation into the company.

Having begun looking into the casino giant after concerns of money laundering and counter-terrorism financing activity at its Sydney casino arose, the financial crimes watchdog will now be looking at other entities within the Star group.

At the time of writing, the Star share price is $3.56, 1.25% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) has currently slipped 0.97%.

Let’s take a closer look at the newly expanded investigation.

Star share price slips amid broadened AUSTRAC probe

Star shares are trading in the red today amid news more of its doors will be opened by AUSTRAC.

AUSTRAC first began investigating the company in June.

It followed a probe in 2019 looking into Star’s management of ‘high risk’ and ‘politically exposed’ customers that uncovered potential serious breaches of money laundering and counter-terrorism financing laws.

The possible non-compliance stemmed from Star’s ongoing customer due diligence and other anti-money laundering and counter-terrorism financing protections.

The Star share price slipped 2% the day the investigation was announced.

The latest update didn’t state which of the company’s entities are now also under investigation. Though, Star’s other casinos include The Star Gold Coast and Treasury Brisbane.

In a non-price sensitive release published this morning, Star noted:

AUSTRAC has advised that it has not made a decision regarding the appropriate regulatory response that it may apply to The Star, including whether or not enforcement action will be taken…

The Star takes its anti-money laundering obligations very seriously and will fully co-operate with AUSTRAC in relation to its requests for information and documents and the investigation.

Star is one of many companies AUSTRAC began looking into in June.

Others include National Australia Bank Ltd. (ASX: NAB), Crown Resorts Ltd (ASX: CWN), and SkyCity Entertainment Group Limited (ASX: SKC).

The post Own Star (ASX:SGR) shares? Here’s the latest on AUSTRAC’s investigation appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has had a rather rough end to the trading week so far this Friday. At the time of writing, the ASX 200 has gone backwards by a nasty 0.96%, and is currently sitting at 7,403 points.

But rather than letting that ruin our weekend, let’s take a deeper dive into the ASX 200 shares currently topping the ASX trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume on Friday

Alumina Limited (ASX: AWC)

ASX 200 aluminium producer Alumina is our first share up today. This resources company has had a sizeable 10.07 million of its shares bought and sold thus far this Friday. With no news or announcements out of Alumina today (apart from some routine paperwork), we can probably say that this volume is the result of the healthy bump that the company’s shares have enjoyed. Alumina is presently up a healthy 3.25% at $2.06 a share, likely enough to cause this elevated volume we see. 

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is our next ASX 200 share up this Friday. This lithium producer has watched 10.23 million of its shares swap owners this Friday. Unfortunately, this seems to be the result of a share price fall. Pilbara shares have lost 0.54% as it stands at the time of writing at $3.70 a share. But earlier in the day, the company plumbed depths as low as $3.64 a share. It’s this loss and volatility that is probably behind Pilbara’s presence on this list today.

Telstra Corproation Ltd (ASX: TLS)

Finally, Telstra is currently taking the top spot as the ASX 200’s most traded share of the day thus far. This ASX 200 telco has seen a hefty 20.97 million of its shares trade hands today so far. Again, there isn’t too much in the way of news or announcements out of the company.

As such, we can again likely put this volume down to the company’s share price movements. Like Alumina, Telstra is defying the market today with a present gain of 0.6% at $4.24 a share. However, Telstra also rose a lot higher earlier today, reaching as high as 44.28 a share, a new 52-week high for the telco. This is probably the smoking gun behind the high volume metrics we are witnessing for the company.

The post Here are the 3 most heavily traded ASX 200 shares this Friday appeared first on The Motley Fool Australia.

More reading

• The Telstra (ASX:TLS) share price has already hit multiple 52-week highs this year. What’s happening?
• How did the VanEck Morningstar Wide Moat ETF (ASX:MOAT) more than double the ASX 200’s returns in 2021?
• ASX 200 (ASX:XJO) midday update: Qantas cuts capacity, Afterpay hits 52-week low
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key Points

• BHP shareholders are voting next week to unify its corporate structure
• This will create the biggest company on the Australian share market
• One fund manager believes Australian investors are getting a bad deal

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Next week is a big week for the BHP Group Ltd (ASX: BHP) share price and the Australian share market.

On 20 January, the Big Australian’s shareholders will vote on the unification of its corporate structure under its existing Australian parent company.

The BHP Board believes that unification is in the best interests of shareholders. It notes that it will result in a corporate structure that is simpler and more efficient, reduces duplication, and streamlines BHP’s governance and internal processes.

Furthermore, a unified structure will also improve flexibility for portfolio reshaping to maximise shareholder value over the long-term. This includes facilitating a simpler separation of the Petroleum business.

It will also lead to BHP overtaking Commonwealth Bank of Australia (ASX: CBA) to become the largest company on the ASX with a market capitalisation of ~$230 billion. This is almost $60 billion greater than CBA’s market capitalisation.

This has consequences for the Australian share market and the ASX 200 index. With a market capitalisation of $230 billion, BHP will account for ~10% of the market’s total value. This means that the performance of the BHP share price will have a major impact on the overall performance of the ASX 200.

Opinion is anything but unified

Whether the unification is a good thing or not is a divisive subject in financial markets.

The team at Pendal Group Ltd (ASX: PDL) is not a fan of the move and believe it favours UK investors at the expense of local investors.

Pendal’s Head of Equities, Crispin Murray, commented: “This proposal is transferring value from Australian Limited shareholders to offshore PLC shareholders. This value transfer has been evidenced by the material decline in the Australian multiple of earnings that BHP Ltd trades on.”

“We appreciate that the main reason for the proposal is the greater flexibility it provides to do large M&A deals in the future. However, there are two questions we have around this. Firstly, BHP has had a poor track record in this regard historically. There is a risk that Australian shareholders pay the price for the unified corporate structure and then see more value destruction overtime. Secondly, while a unified corporate structure will make doing scrip-based M&A easier, the decline in multiple potentially negates this,” he added.

In light of this, Mr Murray is urging shareholders to vote against the proposal.

Over at WAM Capital Limited (ASX: WAM), its team think shareholders should approve the plans.

According to the AFR, the fund manager’s Portfolio Manager, Matt Haupt, believes the unification makes sense for everyone in the long run.

He said: “We are very much in favour. I think the [dual-listed company] structure was outdated and unification makes sense in the long run for everyone. A lot of the risk was borne on the Aussie shareholders, so I get why some people have a bit of a bitter taste, but I think in the medium to long term it makes sense and I think it is a great thing to happen.”

This sets things up for an interesting vote next week.

The post The BHP (ASX:BHP) unification vote is next week and not everyone is happy appeared first on The Motley Fool Australia.

More reading

• How does the Newcrest (ASX:NCM) dividend stack up against other ASX 200 miners like BHP?
• CBA (ASX:CBA) is about to lose the mantle of the ASX’s largest company, here’s why
• Why did the BHP (ASX:BHP) share price struggle so much in 2021?
• 5 things to watch on the ASX 200 on Thursday
• Own BHP (ASX:BHP) shares? Here’s the lowdown on the miner’s latest nickel play

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key Points

• Essential Metals shares are surging in afternoon trade following an update on its Pioneer Dome lithium project
• The project is “highly prospective” for lithium and is located in WA
• Essential has signed a new drilling contract to complete a drilling program at the site
• Essential Metals shares have surged 149% in the last month.

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Shares in mineral explorer Essential Metals Ltd (ASX: ESS) are surging 19% higher today following a company announcement on its 100%-owned Pioneer Dome lithium project.

According to Essential Metals, the Pioneer Dome Project is located in the core of Western Australia’s lithium corridor in the Eastern Goldfields, approximately 130km south of Kalgoorlie.

Essential Metals shares have surged 149% in the last month.

What did Essential Metals announce?

The company advised that air-core drilling will follow up on “open or unexplained anomalism” generated from the August 2021 drill programme at Dome North, located in the Pioneer Dome project.

Essential Metals says the Pioneer Dome project is “highly prospective for lithium-caesium-tantalum (LCT) mineral systems” and includes the Dome North Lithium Mineral Resource of 11.2 million tonnes at 1.21% lithium.

It has also signed a new drilling contractor to complete the 13-hole diamond drilling (DD) programme that commenced last year. The company says a drill rig is now on-site and is on track to complete the drill programme by mid-February.

Specifically, the DD programme is targeting “near-surface (oxide/transition) mineralisation at both the Cade and Davy deposits to obtain samples for bulk density measurements and for confirmatory metallurgical test work”.

An environmental baseline survey was also completed and the final report is currently pending. The company stated that “no particularly sensitive flora or fauna were identified” in its report.

With respect to financials, capital expenditures and operating costs for a 1.6 mililon tonnes per annum (Mtpa) concentrator plant have “been received” and will be utilised as a part of a scoping study that is planned to commence by mid-2022 (pending drill assays and metallurgical test results).

Management commentary

Speaking on the announcement, Essential Metals Managing Director, Tim Spencer said:

The more we learn about Dome North, the more excited we are about its future. While we advance the Dome North Resource in terms of testing its extent and improving its confidence level by in-fill drilling and further metallurgical test work, we are continuing with high-quality exploration in and around the Resource as well as across our entire 450km2 of Project tenure.

The Essential Metals share price has now soared 295% in the past 12 months and has gained another 107% in the last week of trading alone.

The post 149% in a month: Essential Metals (ASX:ESS) share price glides higher on lithium update appeared first on The Motley Fool Australia.

More reading

• Why Afterpay, BWX, Pendal, and Temple & Webster shares are sinking
• Why AnteoTech, BrainChip, City Chic, and ResMed shares are charging higher
• Here’s why the Pushpay (ASX:PPH) share price could be significantly undervalued
• Here’s why the ClearVue Technologies (ASX:CPV) share price is surging 66% this week
• Shopping for some new ASX ETFs in 2022? Here’s what you need to know

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) looks set to end the week in a very disappointing fashion. In afternoon trade, the benchmark index is down 1% to 7,399.7 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 9% to $69.14. This follows further weakness in the Block share price during overnight trade on Wall Street. As Block has been given all the approvals required to acquire the buy now pay later provider, Afterpay shareholders will shortly have their shares convert into Block shares.

BWX Ltd (ASX: BWX)

The BWX share price has continued its slide and is down a further 6% to $3.48. Investors have been selling this personal care products company’s shares this week following the surprise announcement of the exit of its CEO, Dave Fenlon. According to the release, Mr Fenlon will be replaced by the company’s COO, Rory Gration, from 1 March. Mr Fenlon will remain on the board as a non-executive director.

Pendal Group Ltd (ASX: PDL)

The Pendal share price has crashed 20% to $4.75. This follows the release of a disappointing quarterly update which revealed net fund outflows of $6.8 billion This led to Pendal’s funds under management (FUM) falling 2.5% to $135.7 billion during the December quarter despite the benefits of favourable market movements.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down 9% to $9.03. Investors have been selling this furniture and homewares retailer’s shares amid broad weakness in the tech sector. This latest decline means the former market darling’s shares are down 16% in 2022. This has been driven by concerns over the lofty multiples it and other tech shares trade on at a time when rates may soon start rising in the US.

The post Why Afterpay, BWX, Pendal, and Temple & Webster shares are sinking appeared first on The Motley Fool Australia.

More reading

• Is the slide in BNPL shares like Zip (ASX:Z1P) just getting started?
• ASX 200 (ASX:XJO) midday update: Qantas cuts capacity, Afterpay hits 52-week low
• Here’s why the Pendal (ASX:PDL) share price is tumbling 6% lower today
• Can Beforepay replicate Afterpay when it lists on the ASX on Monday?
• Here’s how the Afterpay (ASX:APT) share price performed in 2021

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Afterpay Limited and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Afterpay Limited. The Motley Fool Australia has recommended BWX Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decline. At the time of writing, the benchmark index is down 1% to 7,399.7 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are charging higher:

AnteoTech Ltd (ASX: ADO)

The AnteoTech share price is up 18% to 30 cents. Investors have been buying this medical device company’s shares amid reports the company is planning to ramp up production of its rapid antigen test now that the device is in the final stages of TGA approval. Given supply shortages in Australia, this bodes well for the company’s sales in 2022.

BrainChip Holdings Ltd (ASX: BRN)

The BrainChip share price has jumped over 16% to $1.63. This morning the artificial intelligence technology company announced that it has submitted a capital call notice to LDA Capital. It expects to bring in $20 million of funds from the issue of up to 15 million shares. These funds will be used to support its commercialisation strategy.

City Chic Collective Ltd (ASX: CCX)

The City Chic share price has surged 12% higher to $5.01. This follows the release of a trading update by the plus sized fashion retailer. City Chic revealed that it expects to report first half sales growth of 49.8% but flat earnings for the period. However, investors appear to be looking beyond the latter given that it was caused by one-off COVID impacts to margins.

ResMed Inc (ASX: RMD)

The ResMed share price is up 4% to $35.05. This gain may have been driven by news this week that rival Philips is increasing its device recall from 3 to 4 million CPAP devices to over 5 million devices. This bodes well for ResMed and could keep Philips out of the market for longer than first anticipated.

The post Why AnteoTech, BrainChip, City Chic, and ResMed shares are charging higher appeared first on The Motley Fool Australia.

More reading

• Why the BrainChip (ASX:BRN) share price is rocketing 21% to a new record high
• Why did the City Chic (ASX:CCX) share price just drop then pop 13%?
• AnteoTech (ASX:ADO) share price surges amid ambition to join scramble for RATs
• Analysts name 2 excellent ASX growth shares to buy right now
• Why BrainChip, Crown, Objective, and South32 shares are racing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key Points

• The Pushpay share price has been falling in recent months
• Growth of revenue, donation processing volume and profit margins could mean it’s an attractive opportunity
• Ord Minnett’s price target suggests a significant recovery this year

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The Pushpay Holdings Ltd (ASX: PPH) share price could be a significantly undervalued opportunity for investors right now.

Since 9 November 2021, the Pushpay share price has fallen by around 34%.

After this significant decline, there are a few factors that could make the donation ASX tech share a long-term opportunity.

Here are a few things to take a look at:

Processing volume and revenue continue to grow

Unlike some ASX retail shares that are struggling to achieve growth in FY22 after a strong FY21, the latest update from Pushpay for the six months ended 30 September 2021 showed growth.

Total processing volume increased by another 9% to US$3.5 billion. While it saw a softer start to the first half of FY22, total processing volume in the second quarter was stronger than the first quarter and the level of digital penetration within the customer base remained consistent.

Pushpay is expecting continued growth of total processing volume driven by continued growth in the number of donor management system products utilised by customers, further development of its product set resulting in higher adoption and usage, and increased adoption of digital giving in its customer base.

FY22 half-year operating revenue increased 9% to US$93.5 million. It’s expecting continued revenue growth as the business executes on its strategy, achieves increased efficiencies and gains further market share in the US faith sector.

Despite the COVID-19 impacts, it has maintained an average annual revenue retention rate of over 110% over the last five comparable periods ending 30 September. This means existing clients are generating more and more revenue for Pushpay.

Growth of the business could be an important driver of the Pushpay share price.

Growing profit margins

Pushpay is experiencing ongoing strengthening of its operating leverage. The business deliberately chose software and tools that would allow it to become increasingly profitable as the company increased in size.

In the first half of FY22, the ASX tech share saw its gross profit margin increase from 68% to 69%.

The company also has a profit measure called the underlying earnings before interest, tax, depreciation, amortisation, foreign currency and impairments (EBITDAFI).

The EBITDAFI margin as a percentage of operating revenue rose from 31% to 32%.

Growth plans

Not only is Pushpay looking to grow with its current client base, but it also has a Catholic initiative to grow in another segment of the faith sector.

In the long-term, its target is to acquire a market share of more than 25% in the Catholic segment by the number of parishes. Growth in the number of clients could help the Pushpay share price over time. 

It was noted that this is just the first step in investing to grow its customer base outside of its existing core customer base.

Pushpay also noted that the Catholic church is closely associated with many education providers and non-profit organisations, which presents further opportunities within the US and other international jurisdictions.

Benefits from the Catholic segment are expected to be realised incrementally over the course of the following financial years.

Pushpay valuation and share price target

Whilst the broker Ord Minnett doesn’t currently rate Pushpay as a buy, it has a price target of $1.90, which suggests a potential upside of around 60% over the next several months. It thought the Resi Media acquisition was a decent idea with the ability for each business to sell to the other’s customers.

The Pushpay share price is valued at 20x FY23’s estimated earnings, according to Ord Minnett.

The post Here’s why the Pushpay (ASX:PPH) share price could be significantly undervalued appeared first on The Motley Fool Australia.

More reading

• 3 buy-rated ASX growth shares
• 2 very compelling ASX shares for 2022

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns and has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key Points

• The ClearVue share price is up 27% today, and 66% this week
• Completed archetype model building scored impressive results on the energy star rating system
• Work is currently underway to further progress ClearVue products

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The ClearVue Technologies Ltd (ASX: CPV) share price has accelerated this week, registering impressive gains of 66% for investors.

This follows the company’s announcement on Wednesday regarding recent modelling work undertaken to achieve energy neutral buildings.

At the time of writing, the smart building materials company’s shares are up 27.78% to a 6-month high of 46 cents.

What’s driving ClearVue shares higher?

In its release, ClearVue released the findings of a completed archetype model building demonstrating highly energy efficient improvements.

The company highlighted how its product can achieve a net-zero or near-zero energy-use building.

The modelling was completed on a design in Toronto, Canada, and benchmarked against the Toronto Green Standard (TGS) from 2030. This code is recognised as one of the world’s highest standards of building performance.

The modelled building scored 99 out of 100 points in the energy star rating system, and was in the top 1% of Canadian office buildings for energy performance.

ClearVue’s patented solar glazing technology cuts heating and cooling costs, by diverting unwanted solar radiation to photovoltaic cells which converts to electricity.

The archetype model is a 15,000 square kilometre six storey office building located in Toronto, Canada. The building notably used higher glazing to wall ratios on the facades for higher solar exposure.

ClearVue stated that the current archetype modelling is restricted to the ‘in-use’ phase of the building. Work on the life cycle assessment is currently underway to produce an environmental product declaration for the ClearVue products.

ClearVue executive chair, Victor Rosenberg commented:

The developed Archetype model clearly shows how the ClearVue PV product can play a significant role in the design of Net Zero and Near Zero Energy Buildings of the very near future.

The ClearVue PV glazing through its energy efficiency and energy generation offers a solution for these architects, engineers and developers struggling with how to design buildings to meet these new codes while maintaining expansive views and maximising building daylighting.

About the ClearVue share price

Over the past 12 months, the ClearVue share price has surged more than 50%, reflecting positive investor sentiment.

Based on today’s price, ClearVue commands a market capitalisation of roughly $97.36 million, with approximately 211.66 million shares on issue.

The post Here’s why the ClearVue Technologies (ASX:CPV) share price is surging 66% this week appeared first on The Motley Fool Australia.

More reading

• Here’s why the Pushpay (ASX:PPH) share price could be significantly undervalued
• Shopping for some new ASX ETFs in 2022? Here’s what you need to know
• An ASX XI to take on the world
• Is the slide in BNPL shares like Zip (ASX:Z1P) just getting started?
• Is the Woodside (ASX:WPL) share price set for an “explosive performance” this year?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Key Points

• 2021 was a top year for ETFs, but a new report finds 2022 could be even better
• With index funds at saturation, we can expect some more exotic ETF offerings
• Investors are using ETFs in new ways, such as hedging

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Last year was a great one for ASX exchange-traded funds (ETFs). As we’ve covered extensively here on the Fool, 2021 not only saw total funds under management in the ETF sector hit record highs. But we also saw the successful listing of a number of new ETF products. One, the BetaShares Crypto Innovators ETF (ASX: CRYP), actually broke the trading volume record for a newly-listed fund.

So with all that success under the belt, what does 2022 hold in store for ASX ETFs?

Well, a report in The Australian this week reveals that investment bank Citi has released a ‘deep dive’ report into the global ETF sector and its outlook for 2022.

The report finds that the global index fund market is reaching saturation point. It found the “most widely-followed indices have been replicated by ETFs”. As such, the report finds that ETF providers are increasingly motivated to “expand towards more novel product approaches”.

We have seen this with our own eyes on the ASX. Although 2021 welcomed many new ETFs to the market, almost none of them were index funds. Instead, the new funds extended coverage of thematic trends or select industry groups. Other 2021 ETF debuts included VanEck Vectors Global Clean Energy ETF (ASX: CLNE) and BetaShares Cloud Computing ETF (ASX: CLDD).

ETF growth on the ASX could just be getting started

The report finds that this trend is likely to continue into 2022 as investors increasingly look for diversification outside the traditional index fund structure.

Further, Citi is predicting that the high inflows we saw last year will continue. This will be driven by “the very strong returns of recent years”. It also sees interest in ESG and ethical investing continuing to dominate investors’ interest.

This trend, the bank believes, may continue to benefit from a tailwind of improving global standards in ethical/ESG analysis. This, the report finds, has been beset in the past by lax standards and ‘greenwashing’.

Interestingly, Citi also predicts a new way in which investors (especially those on the professional side) will use ETFs. It points to a trend in the US where institutional investors employ ETFs for ‘tactical’ moves such as hedging. The bank reckons this will expand to all markets, including Australia.

So it looks as though the rise of ETFs on the ASX is certainly here to stay if this report is to be believed. So get ready to hear more about ASX ETFs as we move through 2022. 

The post Shopping for some new ASX ETFs in 2022? Here’s what you need to know appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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