VanEck to launch fixed income ETF

VanEck to launch fixed income ETF

VanEck has announced it will be launching a new smart beta ETF with a focus on Australian fixed income on the ASX.

The VanEck Vectors Australian Corporate Bond Plus ETF  (Plus) is designed to give investors exposure to “a diversified portfolio of high-grade Australian dollar corporate bonds with a yield premium”, the company said.

The new fund will track the Markit iBoxx AUD Corporate Yield Plus Index, which was created to benchmark the performance of the higher-yielding Australian dollar corporate bond market – with at least 80 per cent of the bonds in the index being investment grade.

"We are excited to launch a smart beta Australian fixed income ETF on ASX,” said VanEck managing director Arian Neiron.

“In the current low interest rate environment, finding liquid defensive high yield has been a considerable challenge for investors. Plus is designed for defensive allocations and is likely to be suited to investors who are in retirement and for those investors seeking simple and cost effective exposure to the Australian fixed income sector.”

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