The Vectors Australian Corporate Bond Plus ETF (PLUS) keeps track of the Markit iBoxx AUD Corporates Yield Plus Index, which benchmarks the performance of the Australian dollar corporate bond market.
VanEck Australia managing director Arian Neiron said, “While Australians are heavily invested in cash and low-yielding term deposits, PLUS provides an opportunity to investors to diversify into corporate bonds, which are significantly underrepresented in portfolios.
“PLUS pays distributions four times a year, offering a defensive income solution for investors’ portfolios.”
