VanEck’s fund added to BT SuperWrap platform
VanEck Vectors Australian Corporate Bond Plus Exchange-Traded Fund (ETF) (PLUS) has been added to the BT SuperWrap platform.
PLUS, which was launched in May and attracted $41.5 million in investors’ funds, tracked the Markit iBoxx AUD Corporates Yield Plus Index.
According to VanEck Australia’s managing director, Arian Neiron, the fund suited investors in retirement or those who were underweight fixed income investments.
“While Australians are heavily invested in cash and low yielding term deposits, PLUS provides an opportunity to investors to diversify due to its relatively high yield.
“We are excited BT SuperWrap has added PLUS to the platform.
“With a management fee of just 0.32 per cent per annum, far less than managed funds, investors who are seeking to outperform the market are using PLUS.”
AUTHOR
Oksana Patron
Recommended for you
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.
State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.
Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.
