Vanguard to unveil ETFs in Australia

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 ...