Powered by MOMENTUM MEDIA

Global infrastructure ETF launched on ASX

Reporter
— 1 minute read

ETF provider VanEck Vectors has launched a new ETF that tracks the FTSE Developed Core Infrastructure 50/50 index, hedged into Australian dollars.

The VanEck Vectors FTSE Global Infrastructure (Hedged) ETF, with ticker 'IFRA', will be listed on the ASX later today, according to VanEck Australia managing director Arian Neiron.

"We are excited to be the first asset manager and ETF provider to give Australian investors the opportunity to access a portfolio of global infrastructure securities via the ASX," Mr Neiron said.

Advertisement
Advertisement

"IFRA meets increasing investor demand for global infrastructure which has traditionally provided investors with stable incomes and low correlation to other asset classes," he said.

The FTSE Developed Core Infrastructure 50/50 is run by FTSE Russell, with stocks in the portfolio weighted according to three broad industry sectors: 50 per cent utilities, 30 per cent transportation, and 20 per cent pipelines, satellites and communication towers.

"The FTSE Index is transparent and rules-based ensuring sector targets which provide diversification and reduces concentration risk at both the sub-sector and stock level," Mr Neiron said. 

"This index has become the global infrastructure benchmark used by industry participants including asset consultants and asset managers and we are very pleased to be partnering with FTSE to offer this ETF to Australian investors seeking stable incomes and low correlation to traditional asset classes," he said.

Read more:

Rate cut 'not warranted': RBA Shadow Board

Acorns Grow to team up with industry funds

Westpac posts $3.9bn first-half profit

IFM Investors appoints chief economist

Perennial Value appoints NAB Asset Servicing

 

Global infrastructure ETF launched on ASX
investordaily image
ID logo

related articles

  • Bendigo Bank launches $300m raise as profit plunges

    Bendigo and Adelaide Bank has opened a $300 million capital raise as the company has recorded a 28.2 per cent drop in profit year-on-year fo...

  • APAC braces for virus hit

    As the coronavirus death toll climbs, economies throughout the Asia Pacific are preparing for an impact greater than that of SARS. ...

  • QBE takes climate hit

    QBE has recorded a surge in profits but drawn the ire of shareholders who believe it has failed to act on climate change risks as unusual we...

promoted stories

Website Notifications

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