VanEck Australia has expanded its business development team with new hires and the asset manager has opened an office in Perth, helping to strengthen its national presence and support the distribution of its exchange traded funds (ETFs), as growth of funds under management (FUM) hits 76 per cent over the year to 31 May 2021.
Danica Warren has joined as business development manager based in Perth. She joins VanEck from fixed income firm FIIG Securities.
The business development team has also been expanded to better service clients, advisers and brokers.
Arian Neiron, CEO and managing director, VanEck Asia-Pacific, said these appointments and the opening of the firm’s Perth office will enhance Australian operations as demand for its products grow.
“Our new hires will work to strengthen investors’ understanding of smart beta and active strategies, which form a core part of VanEck’s ASX ETF range and provide targeted investment solutions,” Mr Neiron said.
“VanEck now has 28 ETFs listed on ASX, and more in the pipeline. Our FUM has jumped almost 80 per cent in one year. We are enhancing our team to respond to greater demand for our products.
“We are confident that the remainder of this year will bring further momentum to the use of ETFs, as investors demand their investments work harder to create wealth in the face of ultra-low interest rates and the entrenched underperformance of actively managed funds, which typically charge much higher fees.”
Mr Neiron noted investors continue to be attracted to ETFs due to their liquidity advantages, transparency and lower costs. As the industry has grown, the range of exchange traded products (ETPs) has increased from simple market capitalisation index-tracking ETFs to more complex managed funds.
“VanEck is taking the lead by offering premier investment solutions, with full transparency and an ability to target specific investment and thematic outcomes which take advantage of long-term economic and market trends,” he stated.
Founded in 1955 and based in New York, VanEck is one of the leading providers of ETFs in the world and recently won the SMSF Awards for ETF Provider of the Year.
