Bringing you live news and features since 2006 

Vanguard launches Australian government-backed bond index fund

RELATED TOPICS​

Vanguard Investments Australia has launched an Australian Government Bond Index Fund, which it says offers investors a simple, low-cost and diversified quarterly income stream invested

Vanguard Investments Australia has launched an Australian Government Bond Index Fund, which it says offers investors a simple, low-cost and diversified quarterly income stream invested in a government-backed asset base.

The Vanguard Australian Government Bond Index Fund invests in government and semi-government bonds, and seeks to match the total return of the UBS Australian Government Bond Index, before fees and expenses.

The UBS Australian Government Bond Index is a value weighted index of approximately 50 securities (bonds) issued by the Commonwealth Government of Australia and Australian State Government guaranteed authorities and treasury corporations.

The fund’s management fees are 0.29 per cent per annum with no entry, exit or switching fees. Unit prices are calculated daily with income paid quarterly.

The fund is open to minimum applications of AUD500,000.

Roger McIntosh, principal and head of fixed interest, Vanguard Investments Australia, says a key feature of the fund is its zero exposure to non-government bonds.

“This fund offers an option for investors looking for a very high level of security in the fixed interest component of their portfolio and enables investors the ability to plan with certainty their allocation to government and non-government bonds,” he adds.

‘The Vanguard Australian Government Bond Index Fund together with the Vanguard International Fixed Interest Index Fund (Hedged) will allow investors access to a highly diversified, global portfolio of fixed interest securities that are backed by government, semi-government and government guaranteed entities.”

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by