VanEck ETF ‘recommended’ by Lonsec
VanEck's Australian resources exchange traded fund (ETF) has received a ‘recommended' rating from Lonsec, as it has strong conviction and risk adjusted returns, according to the research house.
Lonsec also maintained its recommended ratings for VanEck's Vectors Australian equal weight ETF, VanEck's Vectors Australian property ETF and VanEck's Vectors Australian banks ETF.
In its rating process, Lonsec said VanEck's underlying index differed from the more widely used Australian equity resources indices, primarily as the firm used capping factors, which were designed to improve diversification and prevent large companies from dominating the index.
Lonsec also believed VanEck's cap-weighted methodology reduced its stock concentration risk.
The fund produced a return of 13.25 per year, based on Money Management's Investment Centre.
However, we found that the top performing energy or commodity ETFs over the last 12 months were with BetaShares, Perth Mint and ANZ ETFs.
For more information, click here: http://investmentcentre.moneymanagement.com.au/performance/mi-mqfeq/van…
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