Powered by MOMENTUM MEDIA

ANZ enters ETF market

By Reporter
 — 1 minute read

ANZ has become the first major Australian bank to become an ETF manufacturer, via a joint venture with ETF Securities.

ETF Securities and ANZ announced the JV, known as ANZ ETFs, at the ANZ Grow Centre in Sydney yesterday.

The new company will list six ETFs on the ASX in the next two weeks, pending regulatory approval.

Advertisement
Advertisement

ANZ ETFs will issue three equity products, a gold ETF (based on physical bullion in ANZ's Singapore vault), a physical US dollar ETF and a physical Renminbi ETF.

The equities products include an ASX 100 ETF and two 'smart beta' ETFs: the ASX 300 High Yield Plus ETF and the S&P 500 High Yield Low Volatility ETF.

ANZ ETFs will be headed by ETF Securities' head of Australia and New Zealand, Danny Laider, along with ANZ's Adam Smith who will be the new company's chief operating officer.

ANZ chief executive of global wealth, Joyce Phillips, said ETFs are increasingly being used as a tactical part of client portfolios.

"ANZ Wealth will continue to offer these, as part of innovative investment solutions, to our customers," Ms Phillips said.

 

 


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

 

ANZ enters ETF market
investordaily image
ID logo

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.