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Vanguard Australian Corporate Fixed Interest Index ETF

Fund Manager: Vanguard
Inception Date: May 25, 2016

Vanguard launches corporate bond ETF

InvestorDaily - May 26, 2016

Global fund manager Vanguard has launched an ETF made up of a portfolio of 260 Australia-issued corporate bonds. The Vanguard Australian Corporate Fixed Interest Index ETF was launched on the ASX this week. The ETF invests in issues by the big Australian banks, Norway's Kommunalbanken, GE Capital Australia Funding and Apple. The new fixed interest ETF, with the ASX ticker VACF, is an additional unit class of the existing managed fund, the Vanguard Australian Corporate Fixed Interest Index Fund. Vanguard Australia's head of fixed income, Stephen Howard, said the ETF provides more options for Australian investors to "tailor their defensive asset allocations in a low-cost and diversified manner". "Last year, we saw international fixed income enter the Australian ETF space, and that will prove to be an important element in many portfolios as investors' appreciation of that asset class grows," Mr Howard said.   "Now that all the major asset classes are covered by ETFs in Australia, providing investors with options for more nuanced use of fixed income was a logical next step. [More]

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