We are pleased to advise that the VanEck Vectors Australian Corporate Bond Plus ETF (ASX: PLUS) commenced trading on ASX today.
PLUS tracks the Markit iBoxx AUD Corporates Yield Plus Index and is a portfolio of the highest yielding investment grade AUD corporate bonds. Investors can invest in PLUS on ASX for 0.32 % p.a.
In the current low interest rate environment finding liquid defensive high yield has been a considerable challenge for investors. PLUS is designed for defensive allocations and is likely to be suited to investors who are in retirement and for those investors seeking simple and cost effective exposure to the Australian fixed income sector.
Arian Neiron, Managing Director, VanEck Australia said, “Smart beta investing continues to be a prevalent theme across markets and we are delighted to offer a fixed income smart beta concept to the Australian ETF market. PLUS adds to our leading smart beta ETF line-up on ASX. Globally, VanEck manages US$9 billion in Fixed Income ETFs and PLUS extends on our philosophy to provide investors with opportunities to asset classes often underrepresented in their portfolios or new approaches to established asset classes.”
