Market Vectors lists new ETF
Exchange Traded Fund (ETF) specialist Market Vectors listed its new Australian Equal Weight ETF on the Australian Securities Exchange (ASX) this week.
Market Vectors, which is the ETF business of US-based investment manager Van Eck Global, said the newly-listed product would give investors access to a broadly diversified portfolio of the most liquid large, mid and small-cap ASX-securities via a single trade on the ASX.
It said the fund currently holds 77 securities, all of which are equally weighted at approximately 1.3 per cent.
Commenting on the new product listing, Market Vectors Australia managing director Arian Neiron said he believed it provided investors with something they had not had before — the opportunity to invest equally in some of Australia's most successful companies, from big to small, in one transaction on the ASX.
"Many Australian share investors do not have exposure to mid and small-cap companies in their portfolios because traditional indices and broad-based unlisted managed funds invariably focus on a few big companies, resulting in a large-cap bias and increased concentration risk," he said.
Market Vectors now has five ETFs listed on the ASX.
AUTHOR
Staff Writer
Recommended for you
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices.
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
