VanEck launches new ETF
VanEck has launched a new exchange traded fund (ETF) on the Australian Securities Exchange (ASX), the VanEck Vectors MSCI International Sustainable Equity ETF, which will provide investors with an access to a portfolio of international companies meeting sustainability criteria.
The fund would track a new benchmark index, the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index, developed in partnership with VanEck.
The index would leverage MSCI’s global leadership in environmental, social and governance (ESG) research and screen companies on fossil fuel reserves, socially responsible activities, ESG performance and carbon emissions.
The management cost of the fund would be 0.55 per cent p.a.
AUTHOR
Oksana Patron
Recommended for you
A leading consultancy believes asset managers will be reluctant to expand overseas in 2025 as high distribution costs blow out potential benefits, but this is providing tailwinds for Australian third-party distributors.
Three of the largest ETF providers reported net inflow increases of more than 100 per cent during 2024, as Betashares admits it “underestimated” the scale of annual inflows the industry would see.
As Magellan Financial Group continues its search for a permanent chief financial officer, it has looked internally for an interim replacement.
Bennelong Funds Management has announced its first responsible entity service client, having flagged it as a 2025 priority for the firm.
