Global X ETFs has expanded its “Growth at a Reasonable Price” (GARP) suite with the launch of the Global X S&P Australia GARP ETF (ASX: GRPA), providing investors with smarter exposure to quality Australian equities in a strategy that blends growth and value to deliver potential outperformance.

The new GRPA fund captures high-growth, quality Australian companies at fair value. The ETF tracks the S&P/ASX 200 GARP Index, which selects 50 top Australian companies with consistent fundamental growth, reasonable valuation and strong earning power. The launch of GRPA cements Global X as the only ETF provider in Australia with a suite of dedicated GARP ETFs, reinforcing its leadership in innovative investment solutions.

“GRPA gives investors the opportunity to complement their existing broad Australian equity allocation with a targeted strategy that combines growth, value and quality – the essence of GARP investing,” said Alex Zaika, CEO at Global X ETFs.

“This ETF delivers a smarter, enhanced core option designed to help investors target companies with the potential to outperform over the long term.”

With a management fee of 0.25% p.a., GRPA is positioned as a cost-effective way to access a diversified portfolio of Australian leaders.

“S&P Dow Jones Indices is pleased to expand our relationship with Global X by licensing the S&P/ASX 200 GARP Index as the underlying index for Global X’s new ETF product launch,” said Jason Ye, Director of Factors and Dividends Indices at S&P Dow Jones Indices.

“This innovative index applies the GARP framework to the S&P/ASX 200 universe, focusing on growth opportunities while incorporating valuation and quality considerations in the index construction. The index aligns with the principles of GARP investing, empowering market participants with an innovative tool to navigate factor-based investing in the Australian market.”

The announcement follows the success of the Global X S&P World Ex Australia GARP ETF (ASX: GARP), which outperformed the broader global equities index after its first year, returning 29.0%, compared to the MSCI World Index’s 20.7%, with most active asset managers struggling to beat this index.

Global X ETFs now manages over $13 billion in assets and has introduced 6 new products to market so far this year.