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MVBAU VanEck Australian Banks ETF Please read important disclosure Close important disclosure false

    • MVB
    VanEck Australian Banks ETF

    MVB
    VanEck Australian Banks ETF

    • NAV
      $38.51

      as at 05-Nov-24
    • Total Net Assets
      $218.47M
    • Dividend Frequency
      3 each year
    • Management fee (p.a.)
      0.28%
    • Number of securities
      7
    • Inception Date
      14-Oct-13
    NEW MVAU MVB SQUARE

    Overview

    Fund Description

    Our Australian Banks EFT, MVB gives investors exposure to a diversified portfolio of ASX-listed banks and financial institutions. 

    Our Australian Banks ETF aims to provide investment returns, before fees and other costs, which track the performance of the index.

    Key benefits

    Diversify across Australian banks

    Invest in all the banks and remove single bank risk with one trade on ASX.

    Tactical exposure

    Targeted investment position to one of the pillars of Australia's economy.

    Tax effective income

    Australian banks have typically paid high franked income relative to other sectors.

    Performance

    Holdings & allocations

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

    Documents & insights

    MVBAU /blog/australian-equity/
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