Vanguard Investments Australia has revealed that it will launch ETFs for Australian investors. ...
Vanguard Investments Australia has revealed that it will launch ETFs for Australian investors.
While ETF uptake in Australia has been muted compared with other markets, Vanguard has opted to enter as it believes the market will achieve growth in the long term, according to Vanguard's head of retail, Robin Bowerman.
"The funds management industry may be going through a period of rationalisation and cutbacks, but Vanguard is sticking to its philosophy of investing for the long term by developing the product and operational capability to deliver ETFs to Australian investors," says Bowerman.
The launch of the ETFs into the Australian market place is a natural extension of Vanguard's indexing investment approach, according to Vanguard Australia managing director Ian Alcock.
"Vanguard will now be able to offer Australian investors the option of buying indexed-based investments through managed funds or ETFs depending on their personal circumstances and preferences," says Alcock.
Vanguard will reveal further details of its Australian ETF range once regulatory and legal approvals are finalised.
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