VanEck Australia expands business team
VanEck Australia has announced two new appointments to its business development team to better support the distribution of its exchange-traded funds (ETFs) and promote funds to financial advisers and stock brokers.
The new hires are Campbell Stevens and Julian Moore who joined VanEck from JBWere and Bell Potter Securities, respectively.
VanEck Australia’s managing director, Arian Neiron, said: “Campbell and Julian’s appointments are part of the expansion of our Australian operations.
“They will work to strengthen investors’ understanding of smart beta products, which are a core part of VanEck’s Australian ASX ETF investments solutions to our expanding list of clients.
Neiron said that in four years of business, the company managed to attract $1.1 billion in funds under management (FUM) across its 14 ASX-listed equities and fixed income ETFs.
VanEck Australia runs a number of equity ETFs and two fixed income ETFs: VanEck Vectors Australian Corporate Bond Plus ETF (PLUS) and VanEck Vectors Australian Floating Rate ETF (FLOT).
“We expect that the Australian ETF market to be valued at between $70 billion and $80 billion within five years, as investors continue to be attracted to ETFs due to their liquidity advantages, transparency and lower costs,” Neiron said.
“Smart beta will likely experience similar growth to the global ETP landscape accounting for a quarter of the overall ETP market.”
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