Vanguard to boost ETF offering
Vanguard Investments has announced it will expand its presence in the exchange-traded fund (ETF) market with the introduction of three new ETFs that will track segments of the Australian share market.
Robyn Laidlaw, head of product development and management, said this would bring the number of Vanguard’s low cost index-based ETFs trading on the Australian Securities Exchange (ASX) to seven.
“These new funds have been developed in line with our product development philosophy, which is based on diversification and cost efficiency,” she said.
Vanguard stated it developed the ETFs in answer to the growing appetite for the funds among advisers and individual investors as they become more familiar with their features.
The three new ETFs are expected to commence trading around the end of May.
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.
