Vanguard Investments launches property ETF
Vanguard Investments Australia has announced the expansion of its range of exchange-traded funds (ETFs) by launching the Vanguard Australian Property Securities Index ETF (VAP).
VAP will join the Vanguard Australian Shares, All World ex-US shares and US Total Market Shares Index ETFs seeking to track the S&P/ASX 300 A-REIT Index.
Robyn Laidlaw, Vanguard’s ETF product manager, said in an environment where costs are playing an increasingly important role, investors are “gravitating toward transparent investment options at minimal cost”.
VAP is a share class of Vanguard’s Australian Property Securities Index Fund, which was established in October 1998 with over $2 billion in funds under management.
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