VanEck launches international equities ETF
VanEck has announced the launch of its new Vectors MSCI International Sustainable Equity Exchanged Traded Fund (ETF) on the Australian Securities Exchange (ASX) which would provide investors with exposure to a portfolio of international companies.
The new fund would offer investors an access to a portfolio of sustainable companies, with a management cost of just 0.55 per cent per annum.
It would track a new benchmark index, the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped index, which was developed in partnership between VanEck and MSCI, the firm said.
The companies in the index were selected out of the MSCI World ex Australia Index and the following companies were excluded: those with fossil fuel reserves and whose businesses were involved in activities such as alcohol, gambling, tobacco, military weapons, civilian firearms, nuclear power, adult entertainment and genetically modified organisms.
VanEck’s managing director and head of Asia Pacific, Arian Neiron said: “We are excited to launch an all-encompassing and true-to-label sustainable international equity fund, incorporating both values-based and impact investing on the ASX.
“The ETF is a response to investor demand as investors are re-evaluating traditional investment approaches and are shifting their wealth into investments that reflect their personal values and that have a positive impact on society and future organisations.
“We are offering a cost effective alternative that is rules-based. By joining with MSCI, the world’s leading ESG index provider, we are offering investors diversified and global exposure to high ESG performing international companies based on MSCI’s world leading in-depth research and analysis.”
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
