ANZ enters ETF market

Posted by Anton Murray Consulting on 27 May, 2015

ANZ has become the first major Australian bank to become an ETF manufacturer, via a joint venture with ETF Securities.

ETF Securities and ANZ announced the JV, known as ANZ ETFs, at the ANZ Grow Centre in Sydney yesterday.

The new company will list six ETFs on the ASX in the next two weeks, pending regulatory approval.

ANZ ETFs will issue three equity products, a gold ETF (based on physical bullion in ANZ’s Singapore vault), a physical US dollar ETF and a physical Renminbi ETF.

The equities products include an ASX 100 ETF and two ‘smart beta’ ETFs: the ASX 300 High Yield Plus ETF and the S&P 500 High Yield Low Volatility ETF.

ANZ ETFs will be headed by ETF Securities’ head of Australia and New Zealand, Danny Laider, along with ANZ’s Adam Smith who will be the new company’s chief operating officer.

ANZ chief executive of global wealth, Joyce Phillips, said ETFs are increasingly being used as a tactical part of client portfolios.

“ANZ Wealth will continue to offer these, as part of innovative investment solutions, to our customers,” Ms Phillips said.

InvestorDaily

Latest market insights

Global X ETFs introduces US infrastructure development fund on ASX

› Read more

GDG confirms Lonsec acquisition 

› Read more

Australian Ethical to grow FUM above $12bn with new acquisition

› Read more

Total super assets climb past $3.8 trillion

› Read more

Active Super, Vision Super confirm merger date 

› Read more

X feed

Australian Ethical to grow FUM above $12bn with new acquisition: https://ow.ly/wRtK50Sbo7B

Total super assets climb past $3.8 trillion: https://ow.ly/LXkZ50Sbo0s

Our client is seeking a manager for the Performance and Analytics team in Singapore, responsible for the leadership and management of one of the two reporting and analytics teams within the P&A function: https://ow.ly/WmG450SamqA

The successful candidate will have responsibility for providing Client Service Management and Operational support services for clients in the Alternative Unlisted assets industry including Property, Private Debt, Credit and Private Equity funds: https://ow.ly/FfT250S6lGs

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy