BNP lists four ETFs
BNP Paribas Asset Management has listed Australia’s first actively managed Exchange Traded Funds (ETF’s).
The four funds, released under the banner of Access funds, will provide retail investors with the benefit of both a listed stock and an unlisted managed fund.
In April this year, the group rolled out the four funds which were not only a first for Australia, but the first active ETFs in the world outside of Europe.
The group’s Access funds, Australian Equities (AXSBAE), Smaller Companies (AXSBSC), Global Equities (AXSMGE) and a balanced portfolio (AXSBMD) also enable retail investors entry to BNP Paribas’s existing wholesale funds.
ETFs made their world debut in November 2000 when Dutch based Die Wertpapier Spezialisten (DWS), an investment arm of the Deutsche Bank Group launched 11 active funds.
AUTHOR
Kate Kachor
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