Vanguard Investments Australia has launched an ETF offering exposure to the domestic listed property market, with the aim of capturing market returns before costs and tax.
The Vanguard Australian Property Securities index ETF replicates the S&P/ASX 300 A-Reit index, providing diversified, low-cost and tax efficient access to property as an asset class.
The listed property sectors represented by the index include retail, retail, office, industrial, tourism, and infrastructure.
Vanguard ETF product manager Robyn Laidlaw says: "In an environment where costs are playing an increasingly important role, investors are gravitating toward transparent investment options at minimal cost."
She says the ETF, which will be listed on the ASX Aqua platform, is the lowest cost property ETF available for Australian investors at 0.34%. The ETF also represents a way of purchasing a yield-oriented diversifier.
The ETF is a share class of Vanguard's Australian Property Securities index fund, which has garnered over $2bn in assets under management since launch in 1998.
In Australia, Vanguard's assets recently surpassed A$200m.
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