- The new company will list a range of six new ETFs for Australian investors on the Australian Stock Exchange
- The joint venture marks the first entry of a major Australian financial institution into the Australian ETF market
ANZ and ETF Securities today announced the formation of a joint venture, which will provide a range of exchange traded funds (ETFs) developed for Australian investors and self-managed super funds.
The new company, known as ANZ ETFS Management will list a range of six new ETFs for Australian investors on the Australian Stock Exchange in the coming weeks. The products are designed to be transparent and cost-effective building blocks for Australian investment portfolios, providing exposure to commonly traded equity, commodity and foreign exchange benchmarks.
The joint venture marks the first entry of a major Australian financial institution into the Australian ETF market. It harnesses the securities expertise of ANZ’s Global Markets business, the strength of its Global Wealth and E*TRADE distribution channels and presence in 29 Asia Pacific markets, together with ETF Securities’ global track record in developing innovative exchange traded products.
ANZ ETFS will be based in Sydney and includes employees from both ANZ and ETF Securities. Danny Laidler, ETF Securities’ Head of Australia and New Zealand, has been appointed Co-Head and Head of Distribution at ANZ ETFS, while Adam Smith, currently Director of Business Execution at ANZ Global Markets, has been appointed Co-Head and Chief Operating Officer of the joint venture.
Eddie Listorti, ANZ Global Co-Head of Fixed Income, Currencies and Commodities, said: “This partnership unites ANZ’s extensive knowledge of Australian financial markets and the domestic investment base, with ETF Securities’ expertise in constructing and operating ETF products. ANZ ETFS’ objective is to provide a range of high quality and low cost investment products that will in time provide diversified exposure to all major asset classes.”
Joyce Phillips, ANZ CEO of Global Wealth, added: “ETFs are increasingly being used by our customers as an important, often tactical, part of their portfolios. ANZ Wealth will continue to offer these, as part of innovative investment solutions, to our customers.”
Graham Tuckwell, Founder and Chairman of ETF Securities, said: “Australia was amongst the pioneers of ETFs over a decade ago, but since then has watched overseas markets adopt them more widely and faster. We believe this is now changing as Australian investors embrace ETFs, investing record levels over the last year. They are recognising ETFs’ multiple advantages, especially intelligent and low cost access to a broad range of benchmarks. This is why we are excited to be partnering with ANZ to offer a new and comprehensive ETF platform, delivering more choice and greater access to Australian investors.”