VanEck Australia has officially listed its 49th ETF, the VanEck Cash Plus Active ETF (ASX: MONY) on the ASX as of market open this morning.
MONY is an actively managed strategy that invests in a portfolio of Australian dollar denominated cash, short-term money market and credit securities issued by investment grade entities. The Fund aims to outperform the Bloomberg AusBond Bank Bill Index benchmark after fees and other costs.
VanEck says that MONY is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.
Arian Neiron, CEO and Managing Director of VanEck Asia Pacific, said, “MONY complements our ETF eco-system, in offering leading strategies in fixed income, equity and alternative assets. A cash offering is a natural fit within our ETF range and, in particular, is one that our advice clients have been asking for.
“The Australian funds management landscape has undergone a significant transformation since we launched our first ETFs on ASX over twelve years ago.
Also read: VanEck Adds Australian Fixed Rate Subordinated Debt ETF
“The rise of ETFs, managed accounts and shifts in the superannuation sector have prompted many advisers to rethink their service offerings. But our singular focus is ETFs and investment solutions that help investors build resilient portfolios.
“With inflation running high, investors are seeking lower-risk investments like cash and money market strategies to achieve a higher yield, so that inflation does not erode the value of their wealth.”
MONY will carry a management fee of 0.15 per cent per annum.
