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
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
Six Australasian sustainable funds closed in the last quarter, according to Morningstar, while 39 per cent of all strategies saw outflows during the period.
The bank and financial services firm has appointed its next CEO for Australia and New Zealand, while its previous chief for the region takes up a new position.
