Market Vectors ETFs, the exchange traded fund business of Van Eck Global, today announced that Lonsec has assigned a ‘Recommended (Index)’ rating to three of its ETFs: Market Vectors Australian Equal Weight ETF (ASX code: MVW), Market Vectors Gold Miners ETF (ASX code: GDX) and Market Vectors Australian Banks ETF (ASX code: MVB).

Arian Neiron, Managing Director, Van Eck Australia, said: “We are delighted that these Market Vectors ETFs have received ‘Recommended (Index)’ ratings from Lonsec. This comes at a time when Market Vectors ETFs are gaining considerable traction with financial advisers, SMSFs and brokers and are widely available across major platforms.

“MVW has attracted investors seeking long-term outperformance compared to traditional market capitalisation indices such as the S&P/ASX 200 Accumulation Index. Since its launch in March 2014, MVW has outperformed the S&P/ASX 200 Accumulation Index by 3.59% per annum (at 30 September, 2015). Lonsec’s report highlights that MVW provides investors with a simple means of gaining access to an equal weight basket of Australian large and mid-cap stocks and provides greater diversification across industries than traditional market-cap weighted indices.

“GDX is the world’s largest gold equities ETF and the only global gold equities ETF listed on the ASX. It gives investors easy access to a global portfolio of gold miners that are generally correlated to the gold price, but with the benefits of equities such as dividend income.  Lonsec’s report highlights two of GDX’s key strengths, the strong liquidity of the NYSE-listed ETF and its popularity with investors which makes it the most traded gold equities ETF in the world, with around US$1 billion traded daily.

“We have seen strong demand for our investment strategies.  Our ETFs can be valuable tools for financial advisers and their clients to build a range of solutions for managing portfolios with the benefits of low cost, transparency and liquidity. We expect demand will continue for our ETFs as more investors seek out simple cost-effective ways to get exposure to intelligent new investment opportunities which are designed with investment outcomes in mind,” said Mr Neiron.

Source: Market Vectors ETFs

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