AUSTRALIA - Vanguard Investments Australia is set to launch a range of exchange-traded funds (ETFs) for Australian investors.
"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," said Bowerman.
The launch of the ETFs into the Australian market place is a natural extension of Vanguard's indexing investment approach, according to Vanguard Australia managing director Ian Alcock.
"Vanguard will now be able to offer Australian investors the option of buying indexed based investments through managed funds or ETFs depending on their personal circumstances and preferences," said Alcock.
Vanguard will reveal further details of its Australian ETF range once regulatory and legal approvals are finalised.
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'