Market Vectors ETFs to launch four new Australian ETFs
As it continues to strengthen its Australian footprint, Market Vectors ETFs (exchange traded funds) will launch four new ETFs on the Australian Securities Exchange (ASX) designed to track its own purpose-built indices.
According to Market Vectors, the indices are specifically designed for Australian investors by Market Vectors Index Solutions, the index company of van Eck Global.
The Market Vectors Australian Bank ETF and Australian Emerging Resources ETF will be the first ASX-listed ETFs to offer exposure to Australian banks and small-cap energy and mining companies.
With broad exposure across both sectors, the Australian Resources ETF and Australian Property ETF will be free of the biases to large-cap companies that dominate traditional market capitalisation weighted indices, Market Vectors Australia managing director Arian Neiron said.
Market Vectors Index Solutions chief executive Lars Hamich said that the company’s tailor-made indices would add value to the new ETFs that track them by giving a “pure representation of a given market sector”.
“To achieve pure-play exposure, our indices include all entities that generate at least 50 per cent of their revenue or 50 per cent of their assets from a particular sector of the economy,” he said.
“This differs from the traditional index approach where companies are just classified according to their industry.”
Market Vectors now offers around 60 ETFs across international markets, commodities, emerging markets, global equities, fixed income and currency sectors.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
