VanEck launches new ETF
VanEck has launched a new exchange traded fund (ETF) on the Australian Securities Exchange (ASX), the VanEck Vectors MSCI International Sustainable Equity ETF, which will provide investors with an access to a portfolio of international companies meeting sustainability criteria.
The fund would track a new benchmark index, the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index, developed in partnership with VanEck.
The index would leverage MSCI’s global leadership in environmental, social and governance (ESG) research and screen companies on fossil fuel reserves, socially responsible activities, ESG performance and carbon emissions.
The management cost of the fund would be 0.55 per cent p.a.
Recommended for you
The Federal Court has issued its verdict in ASIC's first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.
Investment managers who plan to implement artificial intelligence in the next five years expect to see increased productivity, but views are mixed on whether it will boost revenue and assets under management.
A former corporate adviser has been sentenced in the Supreme Court of Western Australia for insider trading to realise a profit of more than $57,000.
Private markets expertise is sought-after for investment operations hires as allocations to alternative assets rise, according to a recruitment firm, but there is a gap between demand and supply.