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.”
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
