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.”
