Bringing you live news and features since 2006 

Australia map and flag

Van Eck Global subsidiary launches four ETFs in Australia

RELATED TOPICS​

Van Eck Global’s subsidiary Market Vectors Australia has launched four new locally-registered exchange-traded funds (ETFs) on the Australian Securities Exchange (ASX).

The four new Australian sector ETFs are the Market Vectors Australian Banks ETF, the Market Vectors Australian Resources ETF, the Market Vectors Australian Emerging Resources ETF, and the Market Vectors Australian Property ETF. These ETFs seek to track indices developed by Market Vectors Index Solutions (MVIS).

Australia’s USD2.13 trillion managed fund market is the world’s third-largest and is dominated largely by the superannuation and rollover segments. Demand for exchange-traded funds in Australia has been expanding rapidly, recently reaching a record AUD8.97 billion in assets, according to the September ASX Funds Monthly Update.

As measured by market capitalisation, the Australian exchange-traded product market has grown by 57 percent over the 12-month period ending in September 2013, with strong demand from self-managed superannuation funds (trusts created under Australian law to facilitate individual retirement savings). The use of ETPs by Australian financial advisors and their clients has also seen significant growth, with more growth expected as a result of the Future of Financial Advice reforms that became effective on 1 July of this year.

“We see a significant growth opportunity in Australia for our family of exchange-traded funds,” says Adam Phillips, Chief Operating Officer of Market Vectors ETFs. “The market is growing and many sectors of interest play to the firm’s core strengths. We believe that Market Vectors’ expertise in ETF product development will benefit Australian investors by way of increased and improved investment choices.”
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
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