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.
AUTHOR
Ashleigh McIntyre
Recommended for you
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.
The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.
AUSIEX analysis has discovered the net traded value of Australian dollar fixed income ETFs more than doubled from January to April, reflecting growing investor demand.
