Investment manager VanEck has announced it would lower its management costs for one of its China exchange-traded funds.
According to a statement to the ASX, effective from 10 January, VanEck reduced management costs for VanEck Vectors ChinaAMC CSI 300 ETF from 0.72 per cent per annum to 0.6 per cent per annum.
Interest expense incurred by the ETF from that date until at least 1 May 2020 will be a capped expense included in management costs and not an additional uncapped transaction and operational cost, VanEck said.
Further, it said the fee reduction will allow investors to benefit from the opportunities and diversification potential offered by China’s vast onshore equity market, at a lower cost.
“We have seen increasing foreign investment into China as policymakers have gradually opened up the onshore market in recent years,” said VanEck head of Asia Pacific Arian Neiron.
“We believe that attractive valuations and stimulus-driven growth should provide opportunities for investors going forward.”
The FAAA has expressed concern regarding one area of the first tranche of QAR legislation that could potentially impose ...
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. Blake Briggs, chief executive ...
Legislation tabled in Parliament on Wednesday has made some amendments to ongoing fee arrangements and consent ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin